In the Tax Justice Digest we recap the latest reports, blog posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. Here’s a rundown of what we’ve been working on lately.
In Spite of Tim Cook’s Protests to the Contrary, Apple is a Champion Tax Dodger
Apple has been in the news a lot lately and not because a new iPhone is about to be released, but because of the tech giant’s tax-dodging ways. CTJ Director Bob McIntyre makes the case that Apply is the poster child for why we need to close offshore tax loopholes. Apple CEO Tim Cook recently tried to justify his company’s $215 billion in offshore cash. Read CTJ’s take on Cook’s disingenuous argument here.
2016 in State Tax Policy
2016 was quite the year in state tax policy. The tax-cutting craze sparked by the election of many anti-tax lawmakers in November 2010 has subsided somewhat—at least for now. Read about state tax debates in 2016 and ITEP tax policy debate predictions for 2017.
Updated ITEP Policy Briefs!
ITEP analysts recently put together an updated explanation of how the “federal offset” makes state tax cuts a lousy deal for many taxpayers. ITEP also updated its primers on the importance of indexing state income taxes to inflation, and on the folly of regressive tax preferences that favor capital gains income over salaries and wages. Stay tuned for more updates on topics ranging from estate taxes to “neovoucher” tax credits for private K-12 education.
State Tax Rundown
This week’s Rundown highlights tax and budget news in New Jersey, Minnesota, Illinois, California and Colorado. Be sure to check out the What We're Reading section for the latest on marijuana laws, state film tax credits, and a new income inequality report. Read the Rundown.
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