How parents can take advantage of the ‘best summer-camp tax break in years’

This is part of our educational blog series, “The Short Form,” to simplify taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. issues and explore the world through the lens of tax policy. Learn more…

Both historically and today, support of aging parents has largely taken the form of in-kind transfers that require physical proximity, such as housing and caregiving. If Social Security substitutes for such support, it can relax constraints on where recipients’ children live and work. We investigate the long-run intergenerational effects of the early Social Security program,…

This report is part of a series of country reports on national tax expenditure regimes, published by the Council on Economic Policies (CEP) and the German Institute of Development and Sustainability (IDOS), covering topics such as transparency, the fiscal cost of tax expenditures, benchmarking, evaluations and the political economy of tax expenditure reforms. DOWNLOAD in…

It’s a ‘major taxpayer win,’ according to one advocate inside the IRS

With disbelief I heard some days ago of the passing of Óscar Ugarteche, one of the Tax Justice Network’s long time senior advisers. This mournful news left me dismayed. The loss of an inspiring person always brings sadness even to those of us who were not fortunate enough to meet him in person. At the same time, this news made me want to pay tribute to the greatness of his persona.  Characterised by his…