Tax Competition News
Corporate Tax Competition Producing Winners
The U.K. has drastically reduced corporate taxes in recent years, and with news that Fiat Chrysler is domiciling in Britain, the move toward a more competitive system appears to be paying off. http://www.forbes.com/sites/timworstall/2014/05/10/tax-competition-does-work-fiat-chrysler-to-be-based-in-the-uk/
U.S. Losing Ground
While other nations are improving their tax systems for the better, the United States is bogged down by a destructive worldwide tax system, argues Alan Cole of the Tax Foundation. http://taxfoundation.org/blog/us-international-tax-system-fundamentally-unserious
Economic Freedom Still Trumps Big Government
In his Washington Times column, Richard Rahn looks at the latest data demonstrating the superiority of economic liberty over big government for securing growth. http://www.washingtontimes.com/news/2014/may/12/rahn-economic-freedom-versus-big-government/
Slaying Leviathan
Detroit Still Being Irresponsible
After decades of profligate government spending, Detroit finally went into bankruptcy. Rather than maximizing returns on unnecessary assets, writes CF&P President Andrew Quinlan in a recent Washington Times op-ed, city managers are looking to stiff creditors with backroom deals. http://www.washingtontimes.com/news/2014/may/6/quinlan-resisting-an-art-sellout-in-detroit/
Cutting the Federal Government Down to Size
At Downsizing Government, Chris Edwards reveals his plan to cut federal spending. We’re happy to see that it’s a true slash-fest! http://www.downsizinggovernment.org/plan-to-cut-federal-spending
Thanking Our Brave Warriors at the Office of Catfish Inspection
Buried in the farm bill is $30 million to save us from a non-existent catfish salmonella threat. If the office head were to be dragged before Congress, we can only imagine an A Few Good Men-style diatribe. “You want our catfish inspectors on that wall, you need our catfish inspectors on that wall!” http://www.usnews.com/opinion/economic-intelligence/2014/05/05/farm-bill-dumps-30-million-on-nonexistent-catfish-threat
From the Market Center Blog…
The Economics of Creative Destruction
The mechanisms of capitalism are not always well understood. Creative destruction benefits all of society. Here’s how: http://freedomandprosperity.org/2014/blog/the-economics-of-creative-destruction/
A Taxapalooza: More Taxpayer-Subsidized Agitation for Class Warfare by the OECD
The OECD pockets a hundred million from U.S. taxpayers each year. They spend that money agitating for class warfare and anti-growth policies. http://freedomandprosperity.org/2014/blog/a-taxapalooza-more-taxpayer-subsidized-agitation-for-class-warfare-by-the-oecd/
Repeal The Gas Tax…and Get Rid of the Department of Transportation
Transportation should be a state and local responsibility, explains Dan Mitchell. http://freedomandprosperity.org/2014/blog/big-government/repeal-the-gas-taxand-get-rid-of-the-department-of-transportation/
