Governor Wes Moore has unveiled a budget proposal that aims to reform Maryland's tax system while addressing a significant budget deficit. This plan, which Moore posits as a remedy for an inequitable tax system, proposes cuts for the majority of taxpayers but implements tax hikes for the
The shadow of Donald Trump’s presidency continues to loom large over many facets of American society and politics today, creating ripples that extend beyond his time in office. From public campaigns driven by his allies to controversial decisions affecting legal and social landscapes, the former p
As the new year unfolds, state legislatures across the United States are actively engaging in debates and proposals to revise tax policies. These early-year legislative activities reflect a common theme of addressing fiscal challenges and opportunities unique to each state's economic
The introduction of new European Union (EU) tax rules concerning the art market, as outlined in Directive 2022/542, aims to streamline the previously convoluted value-added tax (VAT) system among EU member states. The directive went into effect on January 1, spurring varied and far from uniform
The 2017 enactment of the Tax Cuts and Jobs Act (TCJA) under President Donald Trump's administration significantly altered the U.S. tax landscape by lowering tax rates for individuals and corporations. This large legislative reform aimed at stimulating economic growth, but it consequentially
President-elect Donald Trump has recently made a compelling appeal to Congress to enact a comprehensive legislative package, which he has dubbed "one big, beautiful bill." This ambitious bill targets critical areas such as border security, energy policy, and tax reductions. Trump has
