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    <title>#1 Tax Blog | Tax Policy Blog | Tax Foundation</title>
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	<title>#1 Tax Blog | Tax Policy Blog | Tax Foundation</title>
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        <item>
      <title>Wealth Taxes in Europe, 2026</title>
      <link>https://taxfoundation.org/data/all/eu/wealth-taxes-europe/</link>
      <dc:creator><![CDATA[Cristina Enache]]></dc:creator>
      <pubDate>August 4, 2026 19:30:25 +0000</pubDate>
      		<category><![CDATA[OECD]]></category>
		<category><![CDATA[Wealth Tax]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=183818</guid>

            <description><![CDATA[Wealth taxes not only collect little revenue and create legal uncertainty, but an OECD report argues that they can also disincentivize entrepreneurship, harming innovation and long-term growth.]]></description>
      
      
          </item>
        <item>
      <title>Cigarette Taxes by State, 2026</title>
      <link>https://taxfoundation.org/data/all/state/cigarette-taxes-state/</link>
      <dc:creator><![CDATA[Jacob Macumber-Rosin, Adam Hoffer]]></dc:creator>
      <pubDate>August 3, 2026 21:21:25 +0000</pubDate>
            <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=199094</guid>

            <description><![CDATA[The highest state tax on cigarettes is levied by New York at $5.35 per pack of 20. The next highest tax jurisdiction is the District of Columbia at $5.07 per pack of cigarettes, followed closely by Maryland at $5.00 per pack, Rhode Island at $4.50 per pack, and Connecticut at $4.35 per pack.  ]]></description>
      
      
          </item>
        <item>
      <title>Tariff Refunds Have Wiped Out Tariff Revenue Since May</title>
      <link>https://taxfoundation.org/blog/tariff-refunds-wiped-out-tariff-revenue-since-may/</link>
      <dc:creator><![CDATA[Guy Cardwell, Erica York]]></dc:creator>
      <pubDate>August 3, 2026 19:38:03 +0000</pubDate>
      		<category><![CDATA[Donald Trump]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=199120</guid>

            <description><![CDATA[The economic damage from a chaotic tariff regime can outweigh the revenue itself, and unlike the tariffs, it cannot be refunded.]]></description>
      
      
          </item>
        <item>
      <title>How Expensing for Capital Investment Transforms Project Economics: A Case Study Approach</title>
      <link>https://taxfoundation.org/research/all/federal/full-expensing-capital-investment-case-studies/</link>
      <dc:creator><![CDATA[Alex Muresianu]]></dc:creator>
      <pubDate>July 30, 2026 08:55:37 +0000</pubDate>
      		<category><![CDATA[100 Percent Bonus Depreciation (Full Expensing)]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Capital Investment]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Inflation Reduction Act (IRA)]]></category>
		<category><![CDATA[Joe Biden]]></category>
		<category><![CDATA[One Big Beautiful Bill Act (OBBBA)]]></category>
		<category><![CDATA[Research and Development (R&D)]]></category>
		<category><![CDATA[Tax Cuts and Jobs Act (TCJA)]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-research&#038;p=198941</guid>

            <description><![CDATA[The OBBBA made substantial improvements to cost recovery, but more opportunities remain for policymakers looking to improve the investment climate in the US.]]></description>
      
      
          </item>
        <item>
      <title>Does the EU Tax Omnibus’ R&#038;D Expensing Proposal Make the EU More Competitive?</title>
      <link>https://taxfoundation.org/research/all/eu/eu-tax-omnibus-rd-full-expensing-proposal/</link>
      <dc:creator><![CDATA[Martha Caziero, Alex Mengden, Sean Bray, Julius Graack]]></dc:creator>
      <pubDate>July 30, 2026 08:55:05 +0000</pubDate>
      		<category><![CDATA[100 Percent Bonus Depreciation (Full Expensing)]]></category>
		<category><![CDATA[Capital Investment]]></category>
		<category><![CDATA[EU Tax Proposals]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Net Operating Losses (NOLs)]]></category>
		<category><![CDATA[Neutral Cost Recovery]]></category>
		<category><![CDATA[OECD]]></category>
		<category><![CDATA[Research and Development (R&D)]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-research&#038;p=198929</guid>

            <description><![CDATA[The EU Tax Omnibus proposal would create an EU-wide minimum standard for full expensing, but it confines that standard to qualifying tangible assets used in research and development (R&#038;D) rather than to broader asset classes.]]></description>
      
      
          </item>
        <item>
      <title>Full Expensing in the United States and Canada Boost Worldwide Investment Climate</title>
      <link>https://taxfoundation.org/blog/us-bonus-depreciation-oecd-tax-policy/</link>
      <dc:creator><![CDATA[Cristina Enache]]></dc:creator>
      <pubDate>July 29, 2026 12:02:45 +0000</pubDate>
      		<category><![CDATA[100 Percent Bonus Depreciation (Full Expensing)]]></category>
		<category><![CDATA[Capital Investment]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Inflation-Indexing]]></category>
		<category><![CDATA[Neutral Cost Recovery]]></category>
		<category><![CDATA[OECD]]></category>
		<category><![CDATA[Tax Cuts and Jobs Act (TCJA)]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=190064</guid>

            <description><![CDATA[Rather than adopt temporary policies that phase out and expire, policymakers should focus their efforts on long-term reforms to support investment.]]></description>
      
      
          </item>
        <item>
      <title>Tracking the Impact of the Trump Tariffs &#038; Trade War</title>
      <link>https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/</link>
      <dc:creator><![CDATA[Erica York, Alex Durante]]></dc:creator>
      <pubDate>July 27, 2026 15:51:24 +0000</pubDate>
      		<category><![CDATA[2024 Election]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Joe Biden]]></category>
		<category><![CDATA[Manufacturing]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/research/all/tariffs-trump-trade-war/</guid>

            <description><![CDATA[The Trump tariffs have not meaningfully altered the trade balance and amount to an average tax increase per US household of $900 in 2026.]]></description>
      
      
          </item>
        <item>
      <title>Overview of the Tax Foundation’s General Equilibrium Model</title>
      <link>https://taxfoundation.org/research/all/federal/general-equilibrium-model/</link>
      <dc:creator><![CDATA[Huaqun Li, Garrett Watson, Erica York]]></dc:creator>
      <pubDate>July 27, 2026 14:13:12 +0000</pubDate>
      		<category><![CDATA[100 Percent Bonus Depreciation (Full Expensing)]]></category>
		<category><![CDATA[Base Erosion and Anti-Abuse Tax (BEAT)]]></category>
		<category><![CDATA[Congressional Budget Office (CBO)]]></category>
		<category><![CDATA[Foreign Derived Intangible Income (FDII)]]></category>
		<category><![CDATA[Foreign Direct Investment (FDI)]]></category>
		<category><![CDATA[Global Intangible Low Tax Income (GILTI)]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Research and Development (R&D)]]></category>
		<category><![CDATA[Tax Cuts and Jobs Act (TCJA)]]></category>
		<category><![CDATA[Taxes and Growth (TAG) Model Overview & Methodology]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-research&#038;p=184202</guid>

            <description><![CDATA[The Tax Foundation uses and maintains a General Equilibrium Model, known as our Taxes and Growth (TAG) Model to simulate the effects of government tax and spending policies on the economy and on government revenues and budgets.]]></description>
      
      
          </item>
        <item>
      <title>Capital Cost Recovery across the OECD, 2026 Update</title>
      <link>https://taxfoundation.org/data/all/global/capital-allowances-cost-recovery-2026/</link>
      <dc:creator><![CDATA[Cristina Enache]]></dc:creator>
      <pubDate>July 27, 2026 08:55:54 +0000</pubDate>
      		<category><![CDATA[100 Percent Bonus Depreciation (Full Expensing)]]></category>
		<category><![CDATA[Capital Investment]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Manufacturing]]></category>
		<category><![CDATA[Neutral Cost Recovery]]></category>
		<category><![CDATA[OECD]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=198764</guid>

            <description><![CDATA[The ongoing economic uncertainty from global geopolitical threats, supply chain disruptions, rising interest rates, and lagging economic growth in many developed countries have highlighted the importance of private business investment. ]]></description>
      
      
          </item>
        <item>
      <title>Capital Allowances in Europe, 2026</title>
      <link>https://taxfoundation.org/data/all/eu/capital-allowances-europe/</link>
      <dc:creator><![CDATA[Cristina Enache]]></dc:creator>
      <pubDate>July 27, 2026 08:55:32 +0000</pubDate>
      		<category><![CDATA[100 Percent Bonus Depreciation (Full Expensing)]]></category>
		<category><![CDATA[Capital Investment]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Neutral Cost Recovery]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=190294</guid>

            <description><![CDATA[Although sometimes overlooked in discussions about corporate taxation, capital allowances play an important role in a country’s corporate tax base and can impact investment decisions—with far-reaching economic consequences. ]]></description>
      
      
          </item>
        <item>
      <title>A Competitive Corporate Tax Code is Key to Sustaining Strong Economic Growth</title>
      <link>https://taxfoundation.org/blog/corporate-tax-code-is-key-to-sustaining-strong-economic-growth/</link>
      <dc:creator><![CDATA[William McBride]]></dc:creator>
      <pubDate>July 23, 2026 21:43:34 +0000</pubDate>
      		<category><![CDATA[OECD]]></category>
		<category><![CDATA[One Big Beautiful Bill Act (OBBBA)]]></category>
		<category><![CDATA[Tax Cuts and Jobs Act (TCJA)]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=198787</guid>

            <description><![CDATA[The 12-year history of Tax Foundation’s ITCI shows that tax policy is constantly in flux around the world and that tax policy design choices matter for economic growth.]]></description>
      
      
          </item>
        <item>
      <title>The WHO’s Excise Tax Policy Aims at the Wrong Target</title>
      <link>https://taxfoundation.org/blog/eu-tobacco-excise-tax-world-health-organization/</link>
      <dc:creator><![CDATA[Adam Hoffer]]></dc:creator>
      <pubDate>July 21, 2026 16:10:24 +0000</pubDate>
      		<category><![CDATA[E-Cigarette and Vaping Taxes]]></category>
		<category><![CDATA[Economic Incidence]]></category>
		<category><![CDATA[EU Tax Proposals]]></category>
		<category><![CDATA[Tax Burden]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=198739</guid>

            <description><![CDATA[Retail prices make poor targets for excise tax policy, often reflecting factors that have little to do with the underlying reasons for which an excise tax is levied in the first place. Unfortunately, the World Health Organization (WHO) has a growing preference for using tax share of retail price (tax incidence) as a primary policy target.]]></description>
      
      
          </item>
        <item>
      <title>Sales Tax Holidays by State, 2026</title>
      <link>https://taxfoundation.org/data/all/state/sales-tax-holidays-by-state-2026/</link>
      <dc:creator><![CDATA[Nicole Fox, Cole Kellison]]></dc:creator>
      <pubDate>July 20, 2026 18:27:35 +0000</pubDate>
      		<category><![CDATA[Sales Tax Exclusions & Exemptions]]></category>
		<category><![CDATA[Sales Tax Holidays]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=198706</guid>

            <description><![CDATA[However well-intended they may be, sales tax holidays remain the same as they always have been—ineffective and inefficient.]]></description>
      
      
          </item>
        <item>
      <title>The Hidden Costs of Foreign R&#038;D Amortization</title>
      <link>https://taxfoundation.org/blog/foreign-research-development-obbba/</link>
      <dc:creator><![CDATA[Ayat Ashraf, Alan Cole]]></dc:creator>
      <pubDate>July 20, 2026 17:17:52 +0000</pubDate>
      		<category><![CDATA[100 Percent Bonus Depreciation (Full Expensing)]]></category>
		<category><![CDATA[Capital Investment]]></category>
		<category><![CDATA[Foreign Direct Investment (FDI)]]></category>
		<category><![CDATA[One Big Beautiful Bill Act (OBBBA)]]></category>
		<category><![CDATA[Research and Development (R&D)]]></category>
		<category><![CDATA[Tax Cuts and Jobs Act (TCJA)]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=198710</guid>

            <description><![CDATA[Foreign R&#038;D generally complements domestic innovation rather than substituting for it, so penalizing foreign R&#038;D weakens US firms in cross-border mergers and acquisitions and in domestic production that depends on global scale.]]></description>
      
      
          </item>
        <item>
      <title>Taxing Data Processing Doesn’t Just Tax Big Tech</title>
      <link>https://taxfoundation.org/blog/digital-services-tax-data-processing/</link>
      <dc:creator><![CDATA[Jared Walczak]]></dc:creator>
      <pubDate>July 20, 2026 14:48:09 +0000</pubDate>
      		<category><![CDATA[Digital Taxation]]></category>
		<category><![CDATA[Sales Tax Exclusions & Exemptions]]></category>
		<category><![CDATA[Tax Burden]]></category>
		<category><![CDATA[Tax Pyramiding]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=198700</guid>

            <description><![CDATA[Policymakers are increasingly considering taxes on data processing and other businesses’ digital services, but these taxes increase costs at many stages of the production process for virtually all businesses, not just tech-oriented businesses.]]></description>
      
      
          </item>
        <item>
      <title>Flawed EU Tax Disclosure Standards Will Cause Confusion</title>
      <link>https://taxfoundation.org/blog/eu-company-tax-disclosures/</link>
      <dc:creator><![CDATA[Daniel Bunn]]></dc:creator>
      <pubDate>July 17, 2026 15:53:23 +0000</pubDate>
      		<category><![CDATA[Base Erosion and Profit Shifting (BEPS)]]></category>
		<category><![CDATA[EU Tax Proposals]]></category>
		<category><![CDATA[OECD]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=198686</guid>

            <description><![CDATA[The EU public country-by-country data provides information on taxes and profits that do not align with standard financial disclosure requirements.]]></description>
      
      
          </item>
        <item>
      <title>How Withholding Taxes Affect Cross-Border Investment in Europe</title>
      <link>https://taxfoundation.org/blog/withholding-taxes-dividends-cross-border-investment-europe/</link>
      <dc:creator><![CDATA[Alex Mengden, Michael Christl]]></dc:creator>
      <pubDate>July 17, 2026 10:00:10 +0000</pubDate>
      		<category><![CDATA[Capital Investment]]></category>
		<category><![CDATA[Double taxation]]></category>
		<category><![CDATA[EU Tax Proposals]]></category>
		<category><![CDATA[OECD]]></category>
		<category><![CDATA[Tax Treaties]]></category>
		<category><![CDATA[Taxing Savers and Investors]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=198668</guid>

            <description><![CDATA[Because withholding taxes can create double taxation and administrative friction even where foreign tax credits are available, the European Commission’s 2026 Tax Omnibus proposal to eliminate them on dividend, interest, and royalty payments between EU companies regardless of holding percentage would foster stronger cross-border savings and investment.]]></description>
      
      
          </item>
        <item>
      <title>Can New York City Tax Itself Out of Traffic?</title>
      <link>https://taxfoundation.org/blog/nyc-congestion-pricing-traffic-tax/</link>
      <dc:creator><![CDATA[Cole Kellison, Adam Hoffer]]></dc:creator>
      <pubDate>July 16, 2026 20:14:08 +0000</pubDate>
      		<category><![CDATA[Pigouvian Taxation]]></category>
		<category><![CDATA[State and Local Budgets and Spending]]></category>
		<category><![CDATA[State and Local Tax Collections]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=198678</guid>

            <description><![CDATA[NYC’s congestion tolling has reduced congestion, raised money for the MTA, and sped up vehicles in the city. Its success has inspired proposals for congestion tolling in other major US cities, like Los Angeles and Washington, DC. ]]></description>
      
      
          </item>
        <item>
      <title>Taxing the Matchmakers: How Digital Services Taxes Cascade Through Online Commerce</title>
      <link>https://taxfoundation.org/research/all/global/digital-services-tax-online-commerce/</link>
      <dc:creator><![CDATA[Alan Cole]]></dc:creator>
      <pubDate>July 16, 2026 08:55:11 +0000</pubDate>
      		<category><![CDATA[Digital Taxation]]></category>
		<category><![CDATA[Tax Pyramiding]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-research&#038;p=198595</guid>

            <description><![CDATA[A destination-based value-added tax (VAT) or goods and services tax (GST) is a better instrument for taxing digital consumption by avoiding cascading. Recent experience shows that governments can tax digital consumption with a better structure than DSTs.]]></description>
      
      
          </item>
        <item>
      <title>Tax Subsidies for R&#038;D Expenditures in Europe, 2026</title>
      <link>https://taxfoundation.org/data/all/eu/rd-tax-incentives-europe/</link>
      <dc:creator><![CDATA[Alex Mengden]]></dc:creator>
      <pubDate>July 13, 2026 09:55:12 +0000</pubDate>
      		<category><![CDATA[Patent Box]]></category>
		<category><![CDATA[Research and Development (R&D)]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=188641</guid>

            <description><![CDATA[Many countries incentivize business investment in research and development (R&#038;D), intending to foster innovation. A common approach is to provide direct government funding for R&#038;D activity. However, a significant number of jurisdictions also offer R&#038;D tax incentives.]]></description>
      
      
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