Tax Competition News
U.S. Taxpayers Subsidizing Bad Economic Advice from International Organizations
Richard Rahn writes for the Washington Times on the foolishness of continuing to fund organizations that give economic advice that doesn’t work. He sets his sights on the IMF and, in particular, the OECD. http://www.washingtontimes.com/news/2014/feb/17/rahn-being-taxed-for-bad-advice/
Learn More With This CF&P Video on Why We Should Defund the OECD
This 2010 CF&P video goes into how the OECD works against U.S. interests and doesn’t deserve our financial support. Since the organization has unfortunately undergone no positive reform in subsequent years, the video remains timely. http://freedomandprosperity.org/2010/videos/the-paris-based-oecd-pushing-obamas-big-government-agenda-with-your-tax-dollars/
EU Tax Commissioner Pushing Harmonization
EU Tax Commissioner Algridas Semeta wants more “coordination” between EU governments on taxes. He portrays harmonization as a benefit for businesses, but really it’s the interest of collectors that he is protecting. Tax collectors don’t like tax competition because it restricts their limitless desire to tax and spend. Their answer, harmonization, is the government version of price fixing. But rather than gouging consumers, it’s taxpayers who suffer. http://www.tax-news.com/news/emeta_In_Final_EU_Tax_Harmonization_Push____64378.html
Corporations Want Stable Tax Systems
A survey of CEO’s reveals that in addition to low tax rates, they also consider the burdens of compliance and stability of the regime when choosing where to locate. Offering an efficient and well administered tax code, in other words, is just as important as providing reasonable rates if a jurisdiction wants to remain competitive. http://www.tax-news.com/news/Corporates_Craving_Predictable_Tax_Policies____64482.html
Puerto Rican Tax Laws Paying Dividends
Puerto Rico is offering favorable tax rates to attract businesses and wealthy individuals in an effort to grow their economy and attract investment. Will they provide an example for the U.S. to follow? http://www.marketwatch.com/story/puerto-rico-woos-rich-with-hefty-tax-breaks-2014-04-22
FATCA Coverage
Could FATCA Trigger a Credit Default?
James George Jatras, proprietor of RepealFATCA, writes in Forbes that should FATCA’s withholding penalties be levied on interest payments for government securities, it could scare off foreign investors and raise government borrowing costs. http://www.forbes.com/sites/realspin/2014/04/14/is-america-about-to-stumble-into-a-credit-default/
Americans Jumping Ship
The Heritage Foundation blames FATCA for the thousands of Americans who dumped their citizenship last year. http://blog.heritage.org/2014/04/23/thousands-americans-gave-citizenship-status-last-year/
From the Market Center Blog…
Statists Go All In for Taxing Success
Thomas Picketty’s new book attacking capitalism has emboldened statists to dust off old, class-warfare policies designed to punish success. http://freedomandprosperity.org/2014/blog/statists-propose-to-punish-success-as-inequality-fix/
Debating How Best to Create Jobs: Markets or Government?
Hint: Markets win. http://freedomandprosperity.org/2014/blog/debating-how-best-to-create-jobs-markets-or-government/
America’s Most Clueless and Malicious Bureaucrats?
The bureaucrats at the EEOC may just be the worst of the worst. http://freedomandprosperity.org/2014/blog/big-government/americas-most-clueless-and-malicious-bureaucrats/
