Taxes directly affect Americans by compelling them to surrender part of their income to the government, and indirectly since the taxing power can positively or negatively affect economic growth.
In the U.S., our tax regimes are in serious need for reform, both at the state and federal level. Our tax code fails to sufficiently incentivize investment, the primary driver of economic growth. And it hobbles U.S. companies as they compete internationally.
IPI believes that the purpose of taxes is to raise the revenue necessary to fund the legitimate functions of government while imposing the least possible impact upon the functioning of the economy. We therefore believe that taxes should be simple, transparent, neutral, territorial and competitive.
Because of its tremendous potential to stimulate real long-term economic growth, tax reform should be a top priority of policymakers.
Supreme Court's Online Sales Tax Ruling Gives States a Win
“The decision leaves e-commerce and especially small sellers extremely vulnerable to states gluttonous for tax revenue particularly from consumers and businesses with no representation in their state,” said Tom Giovanetti, president of the Institute for Policy Innovation.
Amazon Shares Fall After Supreme Court Ruling on Sales Tax, As Brick-and-Mortar Retailers Gain
“The decision leaves e-commerce and especially small sellers extremely vulnerable to states gluttonous for tax revenue particularly from consumers and businesses with no presence in their state,” IPI president Tom Giovanetti said in a statement.
SCOTUS Wayfair Decision Threatens e-Commerce, Economic Growth
In Thursday’s Wayfair decision, the Supreme Court overturned 25 years of its own precedent and decided that states will be able to assess sales taxes on internet transactions, siding with the state of South Dakota against Wayfair and other online sellers.
Give Wayfair (and Americans) A Fair Break on Taxes
If South Dakota wins, all of us may confront tax demands from states and localities we've never visited and have nothing to do with.
Supreme Court Hears Landmark Internet Sales Tax Case
Today the Supreme Court heard oral arguments in the landmark Internet sales tax case, South Dakota vs. Wayfair, which could allow states to force businesses in other states to collect internet sales taxes for them.
Supreme Court Could Allow the Wayfair Waylay
The U.S. Supreme Court will hear a case that could allow states to force businesses in other states to collect internet sales taxes for them, not because of declining state revenues, but because of increased state spending.
Even the Threat of a Trade War Could Tank the Economy
The U.S. economy has shifted from strength to uncertainty, and both because of President Trump's policies: Economic strength emerged from his regulation and tax cut efforts, and uncertainty from his tariff threats.
The Granite State Goes All In Against Internet Sales Taxes
New Hampshire politicians from the State House to the US Senate have lined up against the expansion of internet sales taxes ahead of a Supreme Court hearing later this month that could end the current sales-tax status quo.
IPI Files Amicus Brief in Landmark Wayfair Case Opposing Taxation Without Representation
The Institute for Policy Innovation (IPI), along with several other organizations, has filed an amicus brief in the landmark Internet sales tax case South Dakota v. Wayfair, scheduled on April 17 before the U.S. Supreme Court.
Amicus Brief in Landmark Internet Sales Tax Case South Dakota v. Wayfair
IPI and four other free market organizations today filed an amicus brief in the landmark internet sales tax case of South Dakota v. Wayfair
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