Average Income Tends to Rise with Age

Tax Policy – Average Income Tends to Rise with Age A commonly overlooked reason for the difference in income levels among taxpayers is the life cycle issue. As we mature and gain work experience, our incomes tend to rise; income typically peaks when we...

Tax Treatment of Worker Training

Tax Policy – Tax Treatment of Worker Training  Key Findings Education and training are investments in human capital and, over time, increase productivity and economic growth as human capital accumulates. Research shows that human capital investment and...

Complexity of the VAT in Europe

Tax Policy – Complexity of the VAT in Europe This week’s tax map shows the number of hours it takes businesses across Europe to comply with the Value-Added Tax. The Value-Added Tax (VAT) is considered one of the most efficient and neutral forms of...