Tax Competition News…
International Bureaucrats Undertake Stealth Transformation of Global Tax Rules
The OECD’s Base Erosion and Profiting Shifting (BEPS) project is shaping up to be a pivotal battle in the war over tax competition. If their efforts succeed in trapping capital, international bureaucrats will finally rid themselves of any constraints on the ability to tax and spend.
Andrew Quinlan argues in the Daily Caller that Congress must step in and provide critical oversight of the OECD before it rewrites the rules of global commerce to fit the desires of high-tax European nations. http://dailycaller.com/2015/05/20/international-bureaucrats-undertake-stealth-transformation-of-global-tax-rules/
Anti-Tax Competition Forces Speak Out
Far left economists and opponents of tax competition see an opportunity in the BEPS discussion to push even further toward the statist extreme. Not entirely satisfied with the OECD’s own assault on competition, Joseph Stiglitz and other leftwing economists recently called for a global effort to “curb tax competition to prevent a race to the bottom.”
Confirming the need for constant vigilance against the next bad idea, they even call for an intergovernmental tax body at the UN. Yikes! http://money.cnn.com/2015/06/02/news/economy/global-tax-system-stiglitz/
Free Market News…
Hillary Aims to Do to Prescription Drugs What Obama Did to Health Insurance
Think Obamacare was bad for insurance? Just wait until President Hillary starts dictating prescription drug prices. Andrew Quinlan explains in The Blaze. http://www.theblaze.com/contributions/hillary-aims-to-do-to-prescription-drugs-what-obama-did-to-health-insurance/
Reducing the Government Footprint to Improve Airport Infrastructure
Brian Garst takes to Human Events to describe how we can continue to grow critical infrastructure and reduce government at the same time. The result could provide travelers with higher quality services while reducing overall costs. http://humanevents.com/2015/06/02/reducing-the-government-footprint-to-improve-airport-infrastructure/
A Challenge to Chinese Targeting of American Firms
In the Washington Times, Andrew Quinlan highlights a disturbing trend whereby the Chinese government is attacking American firms through misleading state-owned media attacks and regulatory abuse. He calls on the Obama administration to more aggressively defend American interests and the principles of free trade. http://www.washingtontimes.com/news/2015/may/18/andrew-quinlan-a-challenge-to-chinese-targeting-of/
From the Market Center Blog…
Even the IRS Admits that the Tax Code is Very Biased Against Successful Taxpayers
The imbalanced and unfair tax code is not just right-wing talking points. Data from the IRS confirms that there’s no merit to the claim that the “rich” don’t pay their “fair share.” http://freedomandprosperity.org/2015/blog/even-the-irs-admits-that-the-tax-code-is-very-biased-against-successful-taxpayers/
Greece and Venezuela: Two Case Studies in Statist Failure
Not that examples are hard to find, but ongoing economic misery in Greece and Venezuela are demonstrating once again what happens when statists get their way. http://freedomandprosperity.org/2015/blog/atlas-is-shrugging-in-greece-and-venezuela-two-case-studies-of-statist-failure/
Proven Reforms to Restrain Leviathan Government
Dan Mitchell reports back from a recent event highlighting ways to rein in big government. Spoiler: You need hard limits on spending. http://freedomandprosperity.org/2015/blog/big-government/proven-reforms-to-restrain-leviathan-government/
