Current Issues
Corporate Taxes
EU Corporate Minimum Tax
The European Union (EU) reached an agreement (December 12) to impose a 15% minimum tax ...
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Wealth and Taxation
IRS Releases Strategic Operating Plan
The IRS released a strategic operating plan (April 6) with 190 “key projects” intended to improve service and address tax avoidance by high-income earners ...
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Research & Analysis
Crude Oil Windfall Profits Taxes
Congressional Research Service
This report (March 2022) summarizes the basis and options for so-called "windfall" profit taxes on major U.S. oil companies.
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The Shell Bank Loophole
Senate Finance Committee
This report (August 2022) provides detail into how billionaire Robert Brockman concealed approximately $2.7 billion in income from the IRS and evaded hundreds of millions in federal taxes using a complex structure of offshore foreign trusts, foreign and domestic shell companies, nominees and foreign bank accounts to conceal his assets. The report provides recommendations for actions by Congress including the strengthening of the IRS Whistleblower Office and better and the improved utilization of incentives to entice whistleblowers to come forward with information to detect offshore tax evasion.
Gasoline Tax
American Petroleum Institute
This website provides gasoline tax data for each U.S. state, as well as national averages.
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The Pandora Papers and Hidden Wealth (Testimony)
Financial Accountability and Transparency (FACT) Coalition
This is testimony of the Financial Accountability and Corporate Transparency (FACT) Coalition provided before the House of Representatives Committee on Ways and Means (December 8, 2021).
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Key Federal Programs
IRS - Enforcement [Treasury]
This Year (FY 22)
Budget Proposal (FY 23)
Enacted (FY 23)
% Change
$5,437,622,000
$5,861,649,000
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Supplementals (FY 21-22)
$0
IRS - Taxpayer Services [Treasury]
This Year (FY 22)
Budget Proposal (FY 23)
Enacted (FY 23)
% Change
$2,780,606,000
$3,385,723,000
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Supplementals (FY 21-22)
$1,464,500,000
