BEPS News…
BEPS Hill Event Widely Attended
Last week CF&P’s Brian Garst joined Dan Mitchell of the Cato Institute, David Burton of the Heritage Foundation, and Gavin Ekins of the Tax Foundation in a hill briefing exploring the many problems with the OECD’s BEPS initiative.
The Cato Institute has the video: http://www.cato.org/events/beps-project-oecd-tax-policy-us-competitiveness
Hatch Delivers Senate Floor Speech on BEPS
Senate Finance Committee Chairman Orrin Hatch outlined his concerns with BEPS in a speech last week. He said, “when the resources of U.S. taxpayers are on the line – as they appear to be with the BEPS project – Congress must play a significant role.” http://www.finance.senate.gov/newsroom/chairman/release/?id=cd38a30d-63ce-44d6-999d-9712e540f3be
International Attempts to Raise Corporate Taxes Hurt Everybody
Veronique de Rugy writes on the negative economic impact of a global effort to squeeze more taxes from the private sector. http://reason.com/archives/2015/07/23/the-international-corporate-tax-grab
OECD’s BEPS Project Further Highlights the Need for Corporate Tax Reform
Heritage Foundation’s David Allen considers the BEPS project from the angle of US competitiveness. http://dailysignal.com/2015/07/22/oecds-beps-project-further-highlights-the-need-for-corporate-tax-reform/
Free Market News…
New Study: Corporate Tax Rate Most Important Single Factor for Investment
The Tax Foundation reports: “If policymakers wish to keep financial capital from fleeing the U.S., the answer is not to enact regulations that prevent companies for moving their operations out of the country. Instead, policymakers should lower corporate rates, thereby both incentivizing companies to maintain their headquarters to the U.S. and encouraging FDI.” http://taxfoundation.org/blog/new-study-corporate-tax-rate-most-important-single-factor-investment
It’s Time We Learned from Sin Taxes’ Impressive History of Failure
Politicians promise that sin taxes will both discourage disfavored behavior and stuff government coffers with proceeds mugged from ill-living sinners, but J.D. Tuccille writes that these are mutually incompatible goals that such taxes have never fulfilled. http://reason.com/archives/2015/07/21/its-time-we-learned-from-sin-taxes-impre
From the Market Center Blog…
While Greece Implodes, France Corrodes and Spain Erodes
Some politicians think the answer to Europe’s stagnant economy is more bureaucratization and centralization. http://freedomandprosperity.org/2015/blog/big-government/while-greece-implodes-france-corrodes-and-spain-erodes/
A Global Tax Cartel Will Hurt the World Economy, Particularly Developing Nations
There’s a fight over which international bureaucracy will have the biggest role in running the global tax cartel. Dan Mitchell explains why developing nations are unwise to desire a UN-based cartel. http://freedomandprosperity.org/2015/blog/a-global-tax-cartel-will-hurt-the-world-economy-particularly-developing-nations/
Greece, Germany, and a Real-World Version of Atlas Shrugged
Surprisingly little sympathy in Germany for Greek moochers. Who knew the Germans were a bunch of closet Randians! http://freedomandprosperity.org/2015/blog/big-government/greece-germany-and-a-real-world-version-of-atlas-shrugged/
