Tax Competition News
Singapore to Take Over Top Spot
Singapore typically scores near the top in measures of economic liberty. It’s little surprise they are now expected to pass Switzerland as the world’s wealth management capital. http://business.asiaone.com/news/singapore-expected-dislodge-switzerland-worlds-wealth-management-capital
Just How Much Do U.S. Multinationals Actually Pay in Taxes?
Thanks to U.S. system of worldwide taxation, it’s more than politicians and media claim. http://taxfoundation.org/article/how-much-do-us-multinational-corporations-pay-foreign-income-taxes
Do You Know How Much Tax You’re Paying When You Travel?
These 10 U.S. cities tax tourists the most. After seeing the list, you may just want to rethink your next vacation. http://www.foxnews.com/travel/2014/05/27/10-worst-cities-for-travel-taxes/
Tax Enforcement Zealotry
Schumer Wants to Sic Private Debt Collectors on Taxpayers
Not content with the debilitating burdens already placed on U.S. taxpayers by an insatiable government, nor the nation’s world-leading tax compliance rate, Sen. Schumer (D-NY) wants private debt collectors chasing down delinquent taxpayers. Here’s why that’s a bad idea: http://www.forbes.com/sites/kellyphillipserb/2014/05/20/congress-ignoring-history-considers-turning-over-tax-debts-to-private-collection-agencies/
There He Goes Again!
Senator Carl Levin’s (D-MI) latest assault on tax competition comes under the guise of ending “inversions,” where U.S. corporations merge with a foreign counterpart and reincorporate overseas to escape the oppressive U.S. tax regime. The Alliance for Competitive Taxation spoke out against his latest legislative abomination: http://actontaxreform.com/052014-statement/
From the Market Center Blog…
The Perplexing Durability of Keynesian Economics
It’s like the cockroach of economic theories. http://freedomandprosperity.org/2014/blog/the-perplexing-durability-of-keynesian-economics/
Will Chile’s Politicians Ruin the Latin Tiger?
Chile’s adoption of free market policies has made it the economic powerhouse of the continent. Will a budding left-wing, populist movement in the nation bring it all crashing down? http://freedomandprosperity.org/2014/blog/the-perplexing-durability-of-keynesian-economics/
