Late 20th Century
29 entries
Reagan Tax Cut 1981
The Economic Recovery Tax Act of 1981, signed by President Reagan, was the largest tax cut in US his...
Leona Helmsley
Leona Helmsley, known as the Queen of Mean, was a New York hotel magnate. Helmsley was convicted of ...
Carbon Tax Sweden
Sweden introduced the worlds first carbon tax in 1991, initially at 27 per ton of CO2. The tax was p...
Tax Haven Ireland
Ireland developed one of the most successful low tax regimes in the world. The corporate tax rate wa...
Flat Tax Estonia
Estonia became the first country to introduce a flat tax in 1994, setting a single rate of 26 percen...
Sales Tax VAT China
China introduced VAT in 1984, initially applying it only to certain industrial goods. VAT was gradua...
Double Irish Dutch Sandwich
The Double Irish Dutch Sandwich was a tax avoidance structure used primarily by US technology compan...
Sales Tax Canada GST HST
Canadas Goods and Services Tax was introduced in 1991 at 7 percent by the Mulroney government. The G...
Inheritance Tax UK
UK inheritance tax, currently at 40 percent on estates over 325,000, was introduced in its modern fo...
Wealth Tax France
France introduced the Impot de Solidarite sur la Fortune, or wealth tax, in 1981 under President Mit...
Child Tax Credit
The Child Tax Credit was enacted in 1997 at 400 per child. The credit was gradually increased over t...
Amazon No Tax
Amazon famously paid no federal income tax for years despite generating billions in profit. In 2017 ...
Tax Refund Anticipation
Refund anticipation loans, or RALs, were short term loans secured by a taxpayers expected refund. RA...
FairTax Proposal
The FairTax is a proposal to replace all US federal taxes with a 23 percent national sales tax on al...
Tax Reform Act 1986
The Tax Reform Act of 1986 was the most comprehensive US tax reform of the 20th century. The act was...
Reagan Tax Reform
The Tax Reform Act of 1986 was signed by President Reagan on October 22, 1986. The act was the resul...
Clinton Tax Increase
The Omnibus Budget Reconciliation Act of 1993, signed by President Clinton, raised the top individua...
R&D Tax Credit
The Research and Experimentation Tax Credit was enacted in 1981 to encourage corporate research spen...
Tax Haven British Virgin Islands
The British Virgin Islands is one of the worlds leading offshore incorporation jurisdictions. BVI ha...
Generation Skipping Tax
The generation skipping transfer tax GST was enacted in 1986 to prevent families from avoiding estat...
Tax Amnesty Programs
Tax amnesty programs allow delinquent taxpayers to come forward, pay back taxes, and avoid penalties...
Earned Income Credit Fraud
The Earned Income Tax Credit has one of the highest improper payment rates of any federal program, e...
Tax Simplification Estonia
Estonia has one of the worlds most efficient tax systems. Tax filing takes an average of 5 hours per...
Pre Filled Tax Returns
Pre filled tax returns are used in 36 countries, including Estonia, Denmark, Sweden, Finland, Norway...
VAT Carousel Fraud
VAT carousel fraud, also called missing trader fraud, exploits the zero rating of intra EU trade. A ...
Fuel Tax Evasion
Fuel tax evasion costs governments billions annually. Common methods include using untaxed agricultu...
Tourist Tax
Tourist taxes are levied on visitors to fund tourism infrastructure and manage overtourism. Venice i...
Wealth Tax Norway
Norway has a wealth tax of approximately 1 percent on net wealth over 1.7 million NOK for individual...
Wealth Tax Argentina
Argentina has a personal assets tax on net worth. The tax was introduced in 1991 and has been modifi...