Post-War Era
30 entries
VAT Introduction France
The value added tax was invented by French economist Maurice Lauré in 1954. VAT is a consumption tax...
Tax Haven Cayman Islands
The Cayman Islands has no direct taxes. There is no income tax, corporate tax, capital gains tax, or...
Laffer Curve
The Laffer Curve is a theoretical representation of the relationship between tax rates and tax reven...
EU VAT System
The European Union VAT system was established by the Sixth VAT Directive in 1977 and modernized by t...
Wealth Tax Spain
Spain has had a wealth tax since 1977. The tax applies to net wealth over 700,000, with rates from 0...
Proposition 13 California
California Proposition 13, passed in 1978, was a landmark property tax limitation. The initiative ca...
Earned Income Tax Credit
The Earned Income Tax Credit, enacted in 1975, is a refundable tax credit for low to moderate income...
Self Employment Tax
Self employed individuals pay both the employer and employee portions of FICA, totaling 15.3 percent...
Tax Protestor Movement
The tax protestor movement in the United States argues that the federal income tax is illegal, uncon...
Tax Day April 15
April 15 has been the deadline for filing US federal income tax returns since 1955. Before 1955, the...
Tax Preparation Industry
The US tax preparation industry generates over 14 billion annually. Intuit, the maker of TurboTax, i...
GATT Trade Agreement
The General Agreement on Tariffs and Trade was signed in 1947 by 23 countries. GATT established a fr...
Tampon Tax
The tampon tax refers to the application of sales tax or VAT to menstrual hygiene products, which ar...
Corporate Tax Ireland Detail
Irelands low corporate tax rate began in 1956 when the government offered a zero tax rate on export ...
Tax Haven Singapore
Singapore developed as a tax haven alongside its growth as a financial center. Singapore has no capi...
Tax Haven Netherlands
The Netherlands is one of the worlds most important tax havens, though it is rarely labeled as such....
VAT Brazil Complexity
Brazil has one of the most complex tax systems in the world. The Brazilian VAT system includes ICMS ...
Tax Revolt California Jarvis
The California tax revolt of 1978 was led by Howard Jarvis and Paul Gann. Their initiative, Proposit...
Tax Cut JFK
President Kennedy proposed a major tax cut in 1963 to stimulate the economy. The Revenue Act of 1964...
Tax Loss Harvesting
Tax loss harvesting is the practice of selling investments at a loss to offset capital gains and red...
Alternative Minimum Tax
The Alternative Minimum Tax was enacted in 1969 after Treasury Secretary Joseph Barr revealed that 1...
Stanley v Illinois Tax
While not a tax case in the traditional sense, Stanley v Illinois 1972 established important princip...
EU Tax Harmonization
The European Union has pursued tax harmonization since the 1960s. The EU VAT system is the most harm...
OECD Tax Guidelines
The Organisation for Economic Co operation and Development has been the primary body for internation...
Tax Gap Italy
Italy has one of the largest tax gaps in the developed world, estimated at approximately 90 billion ...
Cigarette Tax Evasion
Cigarette tax evasion is one of the largest forms of tax crime globally. High cigarette taxes create...
State Tax Competition
US states compete for businesses and residents through tax policy. States without income tax, like T...
Negative Income Tax
Negative income tax NIT was proposed by economist Milton Friedman in his 1962 book Capitalism and Fr...
Tax Expenditures
Tax expenditures are revenue losses from tax deductions, credits, and exclusions. The concept was de...
Property Tax Assessment Bias
Property tax assessments in the United States have been found to systematically over assess low valu...