40.6 percent: that’s the total amount of Austria’s taxes paid for by businesses. That’s also the 5th highest business tax liability in the developed world according to a new OECD study: https://tax.foundation/2IHs0H4 40.6 percent is a sign that the Austria’s corporate tax system is uncompetitive and overly burdensome to employers. 40.6 percent means: – Less […]

Discussing Wisconsin’s economy with Wisconsin Department of Revenue Chief Economist John Koskinen. Wisconsin’s legacy cost is low and that has improved our bond rating. https://www.revenue.wi.gov/Pages/MediaRoom/EconomyToday.aspx Transcript: Sound fiscal management is something as simple as pay your bills. Across the country state and local pension systems are short changed by 1.7 trillion with a T dollars. […]

Discussing Wisconsin’s economy with Wisconsin Department of Revenue Chief Economist John Koskinen. New data says Wisconsin’s state and local tax burden has dropped below the US average. https://www.revenue.wi.gov/Pages/MediaRoom/EconomyToday.aspx Transcript: It is no longer true that Wisconsin is a high tax state. The most recent data from the Bureau of Senses on state and local tax […]

The Tax Cuts and Jobs Act (TCJA) significantly changed the way in which the tax code treats the foreign profits of U.S.-based multinational corporations. The new tax law eliminated the additional domestic tax on foreign profits repatriated to the U.S. by enacting a “participation exemption,” the centerpiece of what is called a “territorial” corporate tax […]