How Smart Policy Can Unlock VAT’s Revenue Potential
European policymakers face a €773.5 billion actionable VAT policy gap in 2024, six times larger than the compliance gap. VAT provides roughly 20 % of EU tax revenue and underpins about 9.5 % of the EU budget. The gap stems from reduced rates and exemptions, with the average actionable gap at 27.1 % of potential revenue. Closing it could boost VAT receipts by over one‑third and lower the standard rate to around 15 %.
We Tracked Every Trump Tariff Change for a Year. Here’s What We Found.
On April 2, 2025 President Trump instituted sweeping reciprocal tariffs, branding them as a catalyst for an investment surge, higher federal revenue, debt reduction, and lower consumer prices. A year later, analysts Kyle Hulehan and Erica York examined customs data,...
Road Taxes and Funding by State, 2026
A new analysis shows that only two states—Maryland and New Jersey—cover 100% of highway spending through road‑use taxes and fees, while the other 48 states and the District of Columbia rely on general funds. In FY 2023 the national average of...
Kansas Property Tax Reform Should Prioritize Neutrality and Minimize Economic Distortions
Kansas lawmakers advanced two property‑tax reforms: Senate SCR 1616 would cap assessed‑value growth at 3 percent annually, while House HB 2745 would impose a 3‑percent levy limit with a voter‑protest mechanism and an exemption for school districts. The assessment limit risks creating gaps...
Colorado Considers Legislation to Tax Phantom Income
Colorado’s HB 1221 would overhaul the state’s alternative minimum tax and net operating loss rules, effectively taxing income that has not yet been realized. The bill proposes repealing the AMT credit, creating double taxation on accelerated depreciation and incentive‑stock‑option gains. It...
New Mexico Could Backslide If It Decouples From Pro-Growth Tax Policy
New Mexico’s Senate Bill 151 would decouple the state from the federal One Big Beautiful Bill Act, ending conformity with 100% bonus depreciation and adding net CFC‑tested income to the corporate tax base. The proposal also eliminates any foreign‑tax credit, creating double taxation...
Capital Gains Tax Rates in Europe, 2026
The 2026 capital‑gains tax map shows a highly fragmented European regime, with top marginal rates ranging from 0 % to 42 %. Denmark imposes the steepest 42 % levy, while nine jurisdictions—including Cyprus, Switzerland and Turkey—continue to exempt long‑held listed shares. Recent policy...
Beyond Filing: Why Taxes Matter More Than You Think
TaxEDU is launching a free webinar to kick off Financial Literacy Month, focusing on tax filing, refunds, and the broader impact of taxes on personal finances. The session will also break down recent changes introduced by the One Big Beautiful Bill Act (OBBBA). Zoe...
Side-by-Side Implementation Is a Good Start, but It’s Just the Beginning
EU member states are beginning to enact the G7 side‑by‑side agreement that places the United States’ tax carve‑out on equal footing with the OECD global minimum tax framework. The move translates a political commitment into national legislation, offering the first...
Ohio Expensing Conformity Will Boost Innovation and Competitiveness
Ohio’s Senate Bill 9, pending Governor DeWine’s signature, will update the state’s static conformity date to align with federal tax changes enacted after March 7, 2025, including the One Big Beautiful Bill Act’s restoration of immediate first‑year expensing for research and experimentation (R&E) under Section 174. Because...
2025 European Tax Policy Scorecard
The Tax Foundation released its 2025 European Tax Policy Scorecard, ranking EU and select non‑EU European economies on tax competitiveness and neutrality. Estonia tops the list thanks to a 22% corporate tax on distributed profits, a flat 22% personal income...
US Taxpayers to See a Nearly $2,300 Average Tax Cut in 2026 Under the Big Beautiful Bill
The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, makes the individual‑tax provisions of the 2017 Tax Cuts and Jobs Act permanent and adds new deductions for tipped and overtime income, an expanded child tax credit, and lasting...
Tax Treatment of the Pass-Through Business Sector: A Primer
The U.S. pass‑through business sector—partnerships, S corporations and sole proprietorships—now employs most private‑sector workers and accounts for roughly half of business income. Its growth stems from long‑standing tax advantages, especially the Section 199A deduction that lowers effective rates compared with C...