California’s Proposed Billionaire Wealth Tax Sparks Residency Debate and Legal Challenges.

When Meta CEO Mark Zuckerberg purchased a Florida mansion in February, the timing raised eyebrows among observers familiar with California’s unfolding tax policy landscape. Many speculated that Zuckerberg had perhaps…

U.S. Treasury Records Historic Net Outflows in Customs Duties Amidst Unprecedented Tariff Refunds and Policy Turmoil.

The United States government experienced an extraordinary fiscal reversal in May and June 2026, recording net outflows in customs duties as refunds to importers significantly outstripped new collections. This unprecedented…

The Hidden Cost: Unpacking America’s State and Federal Cigarette Excise Taxes

Cigarettes stand as one of the most heavily taxed consumer products across the United States, often leaving smokers unaware of the substantial portion of their purchase price dedicated to various…

The Maryland Tax Court Strikes Down State’s Digital Advertising Tax, Mandating Refunds

In a highly anticipated decision with national implications, the Maryland Tax Court has invalidated the state’s controversial digital advertising tax, ordering the immediate repayment of five and a half years’…

Vehicle Miles Traveled Taxes Need Not Invade Drivers’ Privacy

Americans are not unreasonable to worry about an unconstitutional surveillance program under the guise of a VMT tax, but a properly designed VMT tax need not invade drivers’ privacy. This…

The Evolving Landscape of Wealth Taxation in Europe: A Deep Dive into National Approaches and Economic Debates

Net wealth taxes, defined as recurrent levies on an individual’s total assets minus liabilities, represent a distinct fiscal instrument often contrasted with traditional real property taxes. While both target wealth,…

Why Wealth Taxes Always Fail

The resurgence of interest in wealth taxation across various global jurisdictions signals a renewed focus on wealth inequality and its perceived societal impacts. From the halls of the European Commission…

Examining America’s Tax Code: A Policymaker’s Guide to Growth-Oriented Reforms

The Tax Foundation’s new book, Options for Reforming America’s Tax Code 3.0: A Policymaker’s Guide to Tax Reform Trade-Offs, offers a comprehensive analysis of 86 different potential changes to the…

California’s Proposed Billionaire Tax Faces Barrage of Constitutional Challenges, Threatening Economic Fallout

The California Billionaire Tax Act (CBTA), slated for the November 3, 2026, ballot as Proposition 40, is poised to trigger a wave of legal battles, with legal experts warning that…

Global Tax Transparency at a Crossroads: Navigating the Divergent Landscape of Country-by-Country Reporting and New Disclosure Standards

Country-by-country reporting (CbCR), originally developed by the Organisation for Economic Co-operation and Development (OECD), mandates large multinational groups to furnish aggregate data encompassing income, profits, taxes paid, and economic activity,…