Is the European Commission’s Tax Omnibus Proposal a Step in the Right Direction?
The European Commission’s new Tax Omnibus proposal marks a notable step towards improving the simplicity and competitiveness of the EU Single Market.
8 min read
All Related Articles
What Pennsylvania’s Digital Ad Tax Proposal Would Actually Do
Pennsylvania lawmakers are looking to impose the Commonwealth’s existing telecom gross receipts tax (GRT) on companies providing digital advertising services in Pennsylvania.
5 min read
Three Questions to Ask About New Tax Transparency Regimes
The new data disclosures will draw significant attention in 2026 and beyond. However, because the data is rooted in financial accounting concepts, affected by timing issues, and shaped by inconsistent reporting regimes, it is poorly suited for drawing strong conclusions about tax policy or corporate behavior.
7 min read
Failing to Renew the USMCA Would Increase Tariff Uncertainty and Harm Americans
With nearly 2 million US jobs tied to trade with Canada and Mexico, stalling renewal — or withdrawing outright — would compound tariff uncertainty at exactly the wrong time.
6 min read
Testimony: Are Digital Services Taxes a Viable Solution for the EU Budget?
Digital services taxes address a real concern—the need to adapt taxation to the digital economy—but they are not the right solution. They raise limited revenue, are often passed on to consumers rather than large digital firms, create economic distortions, increase complexity and compliance costs, negatively impact innovation and competitiveness, and risk international retaliation.
Are Digital Services Taxes a Viable Solution for the EU Budget?
Since digital services taxes generate little revenue, place the cost on European consumers and not on large digital companies as intended, and risk escalating trade disputes, policymakers should rethink their strategy.
14 min read
VAT Exemption Thresholds in Europe, 2026
Worldwide, 175 countries—including all major European countries—levy a value-added tax (VAT) on goods and services. However, to reduce compliance and administrative costs, most countries have VAT exemption thresholds: if a business is below a certain annual revenue threshold, it is not required to participate in the VAT system.
3 min read
Illinois’ New Social Media Tax Is a Shambles
Illinois plans to impose a complicated, legally fraught new social media tax based on a few pages of confused, contradictory, and almost laughably incomplete legislative text embedded in the new budget.
10 min read
Oregon’s Recycling and Extended Producer Responsibility Programs Experience Rocky Rollout
Oregon’s Extended Producer Responsibility program to incentivize recycling does so with a complicated and unprincipled series of regulations, including confidentially determined tax rates on various materials derived from a revenue goal.
8 min read
Competitive Corporate Tax Policy Is Essential for European Economic Growth
Debates over tax fairness and anti-avoidance rules have dominated European tax policy circles for over a decade. However, as geoeconomic pressures increase around the world, policymakers are looking for ways to boost European competitiveness and economic growth.
18 min read
Net Operating Loss Carryforward and Carryback Provisions in Europe, 2026
Carryover provisions help businesses “smooth” their risk and income, making the tax code more neutral across investments and over time.
5 min read
How Well Do Carbon Taxes Match Their Promise? Evidence from 2023
The carbon tax is often considered the ideal climate policy. However, existing carbon taxes do not match the ideal theoretical policy. More than two dozen carbon taxes exist in the world today, and they vary widely in terms of design.
61 min read
Is America Financially Illiterate? The Numbers Are Alarming
Most Americans don’t understand how the tax code works, and it’s costing them.
California’s Mandatory Worldwide Combined Reporting Proposal Is a Mistake
California lawmakers are considering mandating worldwide combined reporting, bringing back a policy the state abandoned in the 1980s due to strong pushback from international trading partners and the federal government. The policy failed to work as intended then and doesn’t make any better sense now.
8 min read
Testimony: The Impact of the 2025 Reconciliation Law’s Tax Changes on Small Businesses and Lessons for Future Tax Reform
Policymakers should broaden and make permanent full expensing for additional asset classes and pursue structural reforms that reduce distortions in how businesses are taxed. A more consistent and predictable policy environment, paired with targeted improvements to loss treatment, R&D incentives, and compliance burdens, would give small business owners greater confidence to invest, hire, and grow.
Tariffs by Another Name: How Discriminatory Taxes on Cross-Border Services Threaten America’s Export Edge
The US, as the world’s largest services exporter, has a stronger interest in combating discriminatory services taxation than in pursuing tariffs.
44 min read
American Compass’s “Tariff Tally” Doesn’t Add Up
The evidence overall paints a far different picture than American Compass presents, and a consistent theoretical framework undercuts its assertions of how tariffs should be expected to impact the economy moving forward.
25 min read
The OBBBA Improved the Treatment of Investment—but There’s Still Work to Do
The OBBBA significantly boosted economic prospects by improving the treatment of investment. By making key expensing provisions permanent, the OBBBA created better conditions for long-term growth. However, there’s still work to be done, and the OBBBA provided a blueprint for policymakers to follow.
4 min read
How Smart Policy Can Unlock VAT’s Revenue Potential
Closing the EU’s value-added tax (VAT) actionable policy gap could yield €773 billion in government revenue—four times the EU’s 2026 budget.
8 min read
We Tracked Every Trump Tariff Change for a Year. Here’s What We Found.
One year later, the evidence shows the tariffs were not reciprocal, did not generate the promised investment boom, raised less revenue than projected, and contributed to higher prices.