Tax Competition News…
Coalition for Tax Competition Urges Congress to Defund OECD, Oppose BEPS
Led by CF&P, 20 influential free market and taxpayer advocacy organizations called on Congress to stop funding the anti-American work of the OECD.
CF&P President Andrew Quinlan said: “The OECD is no friend to the United States. For years we have warned that their high-tax demands will never be sated. Now we see that, even as the fallout from BEPS is still being measured, the OECD is already discussing new ways to impose burdens on Americans and the global economy.”
EU Ministers Fail to Reach Deal on New Anti-Tax Competition Rules
Finance ministers have yet to agree on how best to hamper tax competition, for now. But new onerous rules limiting capital mobility are expected in June.
Why Governments Hate It When Other Countries Have Low Taxes
Veronique de Rugy offers a powerful defense of tax competition, while warning of the dangers of tax harmonization as pursued by the OECD and other international bureaucracies.
Free Market News…
Anti-Gaming Lawmakers Still Waging a Losing Battle
Andrew Quinlan covers the latest shenanigans from the opponents of state self-determination on gaming.
New Google Payday Advertising Policy No Benefit to the Poor
Google’s grandstanding through a new prohibition on advertisements by payday lenders represents a lack of understanding in what the poor need, Andrew Quinlan says. They should be trusted with the best information and allowed to make their own financial decisions.
It’s Time for Congress to Pass Puerto Rico Debt Fix
No perfect answer is likely coming. Andrew Quinlan writes that PROMESA’s good outweighs the bad and it’s time to move forward.
From the Market Center Blog…
Chile, Venezuela, and the Left’s Support of State over Prosperity
Two nation’s on different path’s provide a great opportunity to compare the relative merits of different economic approaches. Dan Mitchell shows how freedom is working in Chile, while statism has failed Venezuela.
Lesson from Cyprus: Spending Restraint is the Pro-Growth Way to Solve a Fiscal Crisis
Cyprus took on its spending problem head-on by tightening its fiscal belt instead of raising taxes. The results have validated what Dan Mitchell has long said: debt is just a symptom of over spending.
Notwithstanding Keynesian Fantasies, Redistribution Does Not Stimulate Growth
Debunking the Keynesian assertion that handouts boost growth by giving recipients more money to spend.