Tax

In the tax year 2020, more than 164 million people sent their tax returns to the Internal Revenue Service. They used more than 159 million tax credit claims worth more than $277 billion to lower the amount of taxes they had to pay.

The tax map from last month shows how different U.S. states tax smoking and electronic nicotine delivery systems (ENDS). When vaping and ENDS goods are taxed more, smokers are less likely to switch to them.

In the past few years, many countries have taken steps to cut down on carbon emissions, such as putting in place environmental rules, emissions trading systems (ETSs), and carbon taxes.

The State Business Tax Climate Index from the Tax Foundation lets business leaders, officials in government, and taxpayers see how their states' tax systems compare to others. There are many ways to show how much a state government gets in taxes, but the Index is meant to show how well states set up their tax systems and offer suggestions for how to make them better.

The next person to live in the White House will have to deal with a number of important tax policy problems, such as the expiring Tax Cuts and Jobs Act (TCJA) changes for individuals and businesses and the growing deficits and debt.

By getting in the way, federal lawmakers caused there to be too many EVs, which is likely to hurt both the car market and the environment.

The current federal budget deficit and the accumulated debt result from Congress spending more than they are willing to raise in taxes.

Christian Lindner (FDP), Germany's finance minister, recently revealed important parts of the federal government's plan to change taxes.

Capital allowances play a significant part in a nation's corporate tax base and can influence investment choices, having a significant impact on the economy even if they are occasionally disregarded in talks about corporate taxation.