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Corporation tax payments shot up by 32.5% last month to €2.8 billion when compared to August 2025, partly due to some large multinationals being charged a higher rate of tax.
The 12-year history of Tax Foundation’s ITCI shows that tax policy is constantly in flux around the world and that tax policy design choices matter for economic growth.
Microsoft avoided federal income tax on almost all of its U.S. income for fiscal year 2026. The company’s 2.44 percent federal tax rate on over $100 billion of U.S. income is large...
Corporate tax disclosures reveal that five profitable airlines paid almost nothing in federal income tax last year. In 2025, the effective federal income tax rates of these airline...
Section 898(c) Transition Rule for Allocating Foreign Taxes and Section 960(d)(4) Foreign Tax Credit Disallowance, REG-115145-25, July 31, 2026 The Department of the Treasury...
Discover the essentials of the corporate income tax formula in our comprehensive article. Learn how to calculate corporate taxes, understand key components, and explore implication...
Six companies alone accounted for $83 billion of federal tax breaks disclosed by publicly traded U.S companies so far for 2025. Microsoft received a record high for single-year fed...
The Belgian proposal departs significantly from sound tax policy principles and risks generating substantial economic distortions, legal uncertainty, and trade frictions while rais...
Tax-prep giant H&R Block paid no federal taxes on its U.S. income in 2025. It also made a public disclosure, required by the European Union, characterizing one-third of its glo...
HMRC’s estimate of the UK tax gap rose to 6.4%, or £59.2 billion, for the 2024 to 2025 tax year, according to […] The post Small Businesses Behind 62% of £59.2bn UK Tax Gap appeare...
In Apple Inc. and U.S. Subsidiaries v. Nebraska Department of Revenue, Case No. CI 24-4186 (Lancaster Cnty. Dist. Ct., July 13, 2026), a Nebraska district court reversed the Tax Co...
Just six companies received $83 billion in federal income tax breaks in 2025, the latest evidence that corporate tax avoidance has been turbocharged by the 2025 Trump/GOP tax law....
The traditional tax department model, flawed to begin with, no longer fits how businesses operate and is insufficient to meet today's regulatory requirements.
Microsoft’s latest annual financial report shows the company achieved record profitability while it avoided federal income tax on almost all of its U.S. income for fiscal year 2026...
Elizabeth Nelson (CPA,), J.P. Gregory (CPA), and Katrelle Harvey: Effect of the new pro rata share rules: Recent changes to the rules related to the deduction for certain foreign d...
Application of Section 250(b)(3)(A)(i)(VII) to Sales or Other Dispositions of Property, REG-117130-25, 91 Fed. Reg. _____ (proposed Aug. 20, 2026) (to be codified at 26 C.F.R....
Total tax revenues collected so far this year amount to €66.3 billion, up by €3.9 billion on last year.
Although sometimes overlooked in discussions about corporate taxation, capital allowances play an important role in a country’s corporate tax base and can impact investment decisio...
The Tax Foundation uses and maintains a General Equilibrium Model, known as our Taxes and Growth (TAG) Model to simulate the effects of government tax and spending policies on the...
Estate of Paul Bruyea v. United States, F.4th , No. 25-1563, ECF No. 58 (Fed. Cir. Aug. 31, 2026), reversing Bruyea v. United States, 174 Fed. Cl. 238 (2024). Matthew Christ...
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