Renu Zaretsky

Renu Zaretsky is a writer for the Urban-Brookings Tax Policy Center. She publishes The Daily Deduction, TPC’s news and research digest, and Tax Hound, a blog series that helps make sense of tax policy for those outside the tax world and connects tax issues to everyday concerns. The Daily Deduction posts Monday through Friday, or Mondays when Congress is in recess. Tax Hound posts the first Wednesday of the month. Twitter: @RenuZ

A Budget, Capital, Growth, and Transparency 

By :: February 5th, 2016

Last night’s debate was… an actual debate. Moderators barely spoke and Democratic candidates Hillary Clinton and Bernie Sanders explored (and tussled over, at times) a variety of issues… except for their tax plans. Maybe next time. The President releases his final budget next week, and would like a new tax on oil. He wants to boost […]

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Debates, Energy, Credits and Prep

By :: February 4th, 2016

There’s a Democratic debate tonight. It will now feature only two candidates. Brush up on Hillary Clinton’s and Bernie Sanders’ tax plans here. Clinton and Sanders have agreed to four more debates. The next one will be in Flint, Michigan, a city currently in a state-manufactured water crisis. Senate Finance Committee Democrats would like an […]

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What’s so funny about taxes, love, and solidarity?

By :: February 3rd, 2016

A couple of weeks ago I donated six cases of water to our neighbors in Flint, Michigan. I’m not alone. In an outpouring of love and solidarity for a city that’s been stuck with poisoned tap water for two years, average Americans and big-name celebrities from across the country have donated millions of bottles of […]

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Tax Changes, almost from Sea to Shining Sea

By :: February 3rd, 2016

Some Oregon Democrats propose an alternative state corporate tax hike. They want to raise an additional $1 billion from business over the next two-year budget cycle to fund public education and cut personal income taxes. Their bill would replace the state’s corporate income tax with a commercial activity tax of 0.39 percent on a business’s […]

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If you're not winning, you're... still running.

By :: February 2nd, 2016

Iowa voters surprise pollsters. Go figure. GOP candidate Ted Cruz won last night’s Iowa caucus, to the surprise of everybody, while Democratic candidate Hillary Clinton eked out a narrow victory, to the surprise of some. Does this mean Iowa Republicans like a value-added tax and Iowa Democrats want tax increases for the rich? In any case, […]

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Changing Behavior, Scamming the Vulnerable

By :: February 1st, 2016

Will the Google-UK tax deal change corporate behavior? UK Business Secretary Sajid Javid says  the government has closed over 40 tax loopholes but that more work needs to be done. He expects the Google deal—a settlement in which the firm will pay the UK $185 million in back taxes—will help change companies’ attitudes about taxation. […]

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No Trump, No Problem.

By :: January 29th, 2016

Last night’s Trump-less debate left nobody speechless. There was little spoken, however, on the tax front. Good thing TPC has a cheat sheet on all things tax-related for the 2016 election. Google might owe taxes in Italy, too. Italian authorities believe that Google owes $247.5 million in back taxes between 2009 and 2013 and may assess hefty punitive fines. […]

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When Sharing is Caring… or Scary

By :: January 28th, 2016

There may be a Trump-less GOP presidential debate tonight. Will people care about the event without Donald Trump in attendance? Care or don’t care, watch or don’t watch—but do check out TPC’s scorecard of presidential candidates’ tax plans. First Google, now Facebook: The United Kingdom wants more back taxes. British authorities are auditing the social […]

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“Hello from the other side. I must have called a thousand times.”

By :: January 27th, 2016

Calling for corporate tax reform after another inversion, again. On the heels of the Johnson Controls/Tyco deal, Chairman of the Council of Economic Advisers Jason Furman reiterated a call for business tax reform. He thinks there is consensus on cutting the corporate rate, broadening the tax base, and reforming international taxation. Is that enough to […]

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Outlooks, Deficits, Breaks and Moves

By :: January 26th, 2016

CBO released its ten-year budget and economic outlook. The full report estimates that the federal budget deficit in 2016 will reach $544 billion and the public debt will rise to 76 percent of Gross Domestic Product. Two reasons for the increase in the deficits: slowdowns in payroll tax and corporate tax receipts. CBO projects that […]

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