Hardly anyone stands up for taxpayers. It’s the classic problem of concentrated interests and defused costs. Those who benefit from profligate government spending are strongly motivated to lobby for their pet handout. But every individual bit of waste only adds a tiny burden on any individual taxpayer, as the costs are spread out over the entire population. The result is the continual growth of government and every greater burdens on taxpayers.
The one saving grace has been tax competition. Thanks to globalization and the ability of labor and capital to migrate relatively easily, politicians are forced to consider the interests of taxpayers – not because they want to, but because businesses and individual will leave if rates become punitive. Increasingly, however, big spending politicians in high-tax nations are looking for an alternative to adopting competitive, pro-growth tax rates, and that alternative is to undermine tax competition.
The OECD has for over a decade been used as a tool by tax collectors in high-tax nations to attack tax competition. CF&P today reported on their latest effort to rig international tax rules in their favor:
With the release of a new paper on “Addressing Base Erosion and Profit Shifting,” the Organization for Economic Cooperation and Development (OECD) seeks to undermine global commerce by giving high-tax nations the right to tax business income earned in low-tax jurisdictions. The Center for Freedom and Prosperity strongly opposes this new OECD scheme.
More specifically, the OECD report calls for a drastic rethinking of international tax norms based on the misguided notion that competing national tax policies create “gaps” that erode revenue – even though the report showed that corporate tax revenues have been climbing as a share of economic output.
The report is just the first salvo in a new war on tax competition from the OECD, just as its “Harmful Tax Competition” report from 1998 turned into a sustained effort to bully low-tax jurisdictions into adopting bad tax policies under the guise of promoting transparency. Expect much more from CF&P in opposition to this new effort in the weeks and months to come.
February 23, 2013 at 9:07 pm
Good this website exists and unfortunately i discovered it just now…
The control over whole of EU is taken over by left winged scum calling themselves social democrats.
In fact they are nothing but socialists, hard on the way creating a real EUSSR.
They think they have the moral right on their side and condemn any other opinion!
It is them also moving their friends in high positions in organisations like OECD etc.
Once there is a certain level of socialists in such organisations, there is no more space for other opinions.
Only left winged views are allowed.
That way EU, OECD, whole gov. organisations like schools, police forces, you name it, have transformed themselves into left winged camps.
People who dare oppose are barred out, never given a chance to enter again.
Now that they have complete control over Europe, they go for world dominance!
You can see it happening as a citizen but cant do anything against it.
Vote for example a party which is against this socialistic dictatorship and you will be called a nazi, a capitalist, i don't know what, as long as it sounds damaging.
But guess what!
People in for example my country, NL, are meanwhile sick and tired of being lied at and stolen from by these dirty socialists.
That same socialists who pushed us a Euro down our throat against our will.
That same socialists who pushed us into EU, although a majority in a referendum had spoken against membership…
Now we can see what all these socialist actions have finally brought us.
Huge state debt. of 400.000.000.000+ euro.
Huge unemployment rates, specially the hidden ones and which are never mentioned.
The extreme tax rates which make working useless. (compared to having social security)
The shear ridiculous size of our gov.
The massive funding of counter productive organisations.
The exorbitant salaries these left winged criminals fill their pockets with.
The green mafia they helped in place ripping people of their money and freedom.
etc etc etc.
It is in fact a good recipe for a revolution.
All that these left winged idiots are after is in fact the total destruction of our free way of living and our welfare!
They do anything to destroy western lifestyle.
Even importing enormous amounts of hate filled muslim people from uneducated areas into our society.
Of which is known they will never ever adapt to rules and lifestyle of our country.
The list of left winged sabotage is endlessly long.
Cause it is done mainly by salami tactics, ordinary people never come to a point that they say "now its enough".
I wanna leave this true communist continent actually asap.
Can i ask asylum in US? i feel meanwhile so threatened in my existence that a request should make a fair chance?