By Daniel Bunn President and CEO, Tax Foundation The global economic community recently lost a true visionary and pioneer of tax reform. Siim Kallas—the former Estonian Prime Minister, European Commissioner, and the intellectual architect behind the policies that catapulted Estonia’s economy into the modern era—passed away on August 22 at the age of 77. In…
In the high-stakes arena of global innovation, the U.S. tax code acts as both a catalyst and a barrier. For American corporations, the treatment of Research and Development (R&D) expenditures is not merely a line item on a balance sheet; it is a strategic driver that dictates where, how, and whether a company chooses to…
The European Union’s tax landscape has long been characterized by a dense thicket of overlapping regulations, conflicting national interpretations, and administrative hurdles that act as a silent tax on cross-border growth. For businesses operating within the Single Market, navigating this fragmentation is not merely a legal challenge—it is a significant barrier to investment and capital…
By PYMNTS June 19, 2026 In a significant move aimed at revitalizing the European financial landscape, the European Commission is preparing to unveil a comprehensive suite of reforms designed to reduce regulatory friction and enhance the global competitiveness of the European Union’s banking sector. According to a leaked report scheduled for formal publication this July,…
