Government Information

Earl Gregg Swem Library

Factors Affecting Revenue Estimates of Tax Compliance Proposals

Categories: Congress,Govt Finance,Taxes

https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/workingpaper/52199-wp-taxcompliance.pdf

Examines such factors as the size of the tax gap, the amount of Internal Revenue resources, distinctions between detection and deterrence, and budget scorekeeping guidelines that affect estimates of budget savings from tax compliance proposals.  A joint working paper from the Congressional Budget Office and the Joint Committee on Taxation.

 

Commonwealth of Virginia Fiscal Year 2017 Savings Plan

Categories: Govt Finance,Statistics,Taxes,Virginia Issues

http://dpb.virginia.gov/forms/20161013-1%5C2017SavingsPlan_10-13-2016.pdf

Describes the governor’s plan for responding to $268 million shortfall of revenue in FY2016.  Includes cancellation of anticipated pay raises for state workers and transfer of funds from Revenue Stabilization Fund.  From the Virginia Department of Planning and Budget

 

2015 Annual Survey of State Government Tax Collections

Categories: Govt Finance,Statistics,Taxes

https://www.census.gov/newsroom/press-releases/2016/cb16-tps136.html

Press release announcing that state government tax revenue collections increased by 4.8% to $916.5 billion in 2015.  Revenue statistics are broken into type of tax.  Includes links to detailed statistics in the American Fact Finder and other downloadable tables.  From the Census Bureau

 

Impact of Regulations on Virginia’s Manufacturing Sector: 2016

Categories: Laws/Regulations,Manufacturing,Statistics,Taxes,Virginia Issues

http://jlarc.virginia.gov/pdfs/reports/Rpt485.pdf

Updates a 2006 report on the same topic.  Finds that most regulations affecting Virginia’s manufacturers are federal in origin and most have not changed since 2005.  Includes several appendices which cover financial impact of regulations, manufacturing employment and output by sector, and a list of Virginia stand-alone regulations.  From the Joint Legislative Audit and Review Commission

 

Earnings and Employment Data for Workers Covered under Social Security and Medicare, by State and County, 2013

Categories: Income/Poverty,Medicare/Medicaid,Retirement/Social Security,Statistics,Taxes

https://www.ssa.gov/policy/docs/statcomps/eedata_sc/2013/eedata_sc13.pdf

Shows by sex and age the number of employees and self-employed persons, the amount of their taxable earnings, and the amount they paid in Social Security and Medicare contributions.  From the Social Security Administration

 

Small Business: Access to Capital and Job Creation

Categories: Business/Economics,Taxes

http://www.fas.org/sgp/crs/misc/R40985.pdf

Examines the debate about how best to assist small businesses:  through loans and other programs promoting access to capital or by business tax reductions and other methods of federal fiscal restraint.  From the Congressional Research Service, posted by the Federation of American Scientists

 

 

State Aid: Ireland Gave Illegal Tax Benefits to Apple Worth 13 Billion Euros

Categories: Business/Economics,European Union,Headlines,Taxes

http://europa.eu/rapid/press-release_IP-16-2923_en.htm

Press release which charges that Ireland provided tax benefits to Apple which violated state aid rules of the European Union.  Charges that the Irish tax treatment allowed Apple to link most profits earned in the EU to a head office in Ireland which existed only on paper and reduced their tax rate to 0.005% by 2014.  The ruling seeks recovery of the unpaid taxes from 2003 to 2014.  From the European Commission

 

 

An Update to the Budget and Economic Outlook: 2016 to 2026

Categories: Business/Economics,Govt Finance,Statistics,Taxes

https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/reports/51908-2016_Outlook_Update-2.pdf

Projects that the deficit under current law will be larger this year than predicted in March but that deficits will be smaller over the 2017-2026 period.   From the Congressional Budget Office

 

 

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