Government Information

Earl Gregg Swem Library

International Taxation: Information on the Potential Impact on IRS and U.S. Multinationals of Revised International Guidance on Transfer Pricing

Categories: Business/Economics,Nongovernmental organizations,Taxes

http://www.gao.gov/assets/690/682330.pdf

Offers a federal agency’s analysis of how the U.S. could be affected by an international organization’s proposals for curbing the actions of multinational corporations to shift profits from higher tax to lower tax countries.  From the Government Accountability Office

 

CBO’s 2016 Long-Term Projections for Social Security: Additional Information

Categories: Govt Finance,Retirement/Social Security,Statistics,Taxes

https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/reports/52298-socialsecuritychartbook.pdf

Presents additional information about long-term projections for Social Security in the form of 12 exhibits that illustrate the program’s finances and the distribution of benefits paid and revenues received to and from various segments of the population.  From the Congressional Budget Office

 

Governor Terry McAuliffe Unveils Amendments to Biennial Budget for FY 2016-2018 to the Joint Money Committtees

Categories: Govt Finance,Headlines,Taxes,Virginia Issues

http://governor.virginia.gov/newsroom/newsarticle?articleId=18552

Text of the governor’s speech before the legislature’s money committees with proposed amendments to the state budget for the second year of the biennium.  Announces a tax amnesty and other tax adjustments to boost revenues, some additional savings/reductions measures, but some budget relief for the Library of Virginia, which had been faced with 15 potential layoffs.  From the Office of the Governor

 

Options for Reducing the Deficit: 2017 to 2026

Categories: Govt Finance,Headlines,Statistics,Taxes

https://www.cbo.gov/publication/52142

Presents 115 options that would decrease federal spending or increase federal revenues over the next decade.  Also highlights the advantages and disadvantages of those options.  From the Congressional Budget Office

 

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

 

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