Blog
Tax Subsidies for R&D Expenditures in Europe, 2026
Many countries incentivize business investment in research and development (R&D), intending to foster innovation. A common approach is to provide direct government funding for R&D activity. However, a significant number of jurisdictions also offer R&D tax...
There Is No Low-Tax Case for Tariffs
Full expensing under the One Big Beautiful Bill Act does not neutralize the tariff burden on imported goods, as former White House Council of Economic Advisers chair Stephen Miran asserts.Read More
IRS Quietly Ends Delinquent FBAR Submission Procedures: What US Expats Need to Know
On July 1, 2026, the IRS quietly removed its Delinquent FBAR Submission Procedures webpage with no formal announcement explaining the change. This program let taxpayers file late Foreign Bank Account Reports (FBARs) without penalty, as long as they'd already reported...
A Few Problems with Targeting Energy Companies with a Stock Buyback Tax
Introduced by Sens. Chuck Schumer (D-NY), Ron Wyden (D-OR), and Michael Bennet (D-CO), The Taxing Buybacks from Big Oil Windfalls Act would raise the stock buyback excise tax from 1 percent to 25 percent for large oil and gas companies. Read More
State and Local Sales Tax Rates, Midyear 2026
The five states with the highest average combined state and local sales tax rates are Louisiana (10.13 percent), Tennessee (9.61 percent), Washington (9.57 percent), Arkansas (9.48 percent), and Alabama (9.46 percent).Read More
Form 8858 for US Expats: What It Covers and Who Needs to File
If you're a US person who owns a Foreign Disregarded Entity (FDE) or operates a foreign branch, think a foreign LLC or sole proprietorship treated as disregarded for US tax purposes, there's a good chance the IRS wants to hear about it. There's no income threshold, so...
Navigating the Tax Transparency Landscape
Join us on Wednesday, July 29 for an informational webinar exploring the challenges posed by recent company tax disclosures, including their history, connection to the tax policy debate, and the weaknesses of the data.Read More
What 250 Years of Tax History Reveal About the US Tax Code
Just as many parts of American life have transformed over the past 250 years, so too has the federal tax system. While most taxes levied in the 18th century are still levied in some form today, the federal government's reliance on them, the complexity of the tax code,...
VAT Exemption Thresholds in Europe, 2026
Worldwide, 175 countries-including all major European countries-levy a value-added tax (VAT) on goods and services. However, to reduce compliance and administrative costs, most countries have VAT exemption thresholds: if a business is below a certain annual revenue...
Do Green Card Holders Need to File US Taxes While Living Abroad?
Quick answer: Yes. A Green Card doesn't just affect your immigration status; it also creates ongoing US tax obligations. That's because the IRS treats Green Card holders as US tax residents and requires them to report their worldwide income, even when they live...
