OECD News…
OECD Endorses “Urgent” Keynesian Spending Binge
Massive government spending increases to “stimulate” economic growth repeatedly fail to produce results, but international bureaucrats are still enamored with the idea. Dan Mitchell breaks down the US-funded OECD’s latest effort to promote Kenyesian spending increases. http://freedomandprosperity.org/2016/blog/big-government/to-boost-a-global-economy-burdened-by-too-much-government-oecd-endorsesan-urgent-keynesian-spending-binge/
European BEPS Proposal Is a Tax Grab Aimed at American Business
ATR’s Alexander Hendrie breaks down the true purpose of BEPS and what it means for American business. http://www.atr.org/european-beps-proposal-tax-grab-aimed-american-business
Free Market News…
Will Government Destroy a Company to Bailout a Hedge Fund Titan?
What happens when a hedge fund manager enlists government to sink a company he shorted? Andrew Quinlan explains what troubling precedent may come from Bill Ackman’s war on Herbalife. http://freedomandprosperity.org/2016/opinion-and-commentary/will-government-destroy-a-company-to-bailout-a-hedge-fund-titan/
CFPB Shouldn’t Destroy Small Loans Industry
The rogue agency is planning to nuke an entire industry. President Andrew Quinlan explains how cronyism is behind the CFPB’s plans for so-called payday lenders, instead of the interests of consumers. http://freedomandprosperity.org/2016/opinion-and-commentary/cfpb-shouldnt-destroy-small-loans-industry/
Politicians Pointing Fingers Over Corporate Inversions Should Look in the Mirror
Washington blames corporate flight on greedy businesses. The truth is they are to blame for allowing the tax code to become so uncompetitive.
http://freedomandprosperity.org/2016/opinion-and-commentary/politicians-pointing-fingers-over-corporate-inversions-should-look-in-the-mirror/
More Fake Political Outrage Over Inversions
Veronique de Rugy also tackles inversions for NRO. Rather than trying silly plans to prevent business from leaving which have never worked, she says, lawmakers should make it so business doesn’t want to leave. http://www.nationalreview.com/corner/430864/inversions-american-overseas-business-controversy
From the Market Center Blog…
A Warning From Greece About Greedy Politicians
Reports from Greece show what happens when politicians get too greedy and tax entrepreneurs into exile. http://freedomandprosperity.org/2016/blog/a-warning-from-greece-about-greedy-politicians/
Beating the VAT Horse Until It’s Dead
A recent event showed how some of the tax plans proposed this campaign season have caused a bit of a kerfuffle among folks who are normally allies. Watch Dan Mitchell explain Ted Cruz needs to fix his plan to eliminate its VAT. http://freedomandprosperity.org/2016/blog/beating-the-vat-horse-until-its-dead/
Atlas is Shrugging in Venezuela
Venezuela is providing a modern demonstration of the failures of socialism. Its heavy handed regulations and interventions have led to a real-world example of Atlas Shrugged. http://freedomandprosperity.org/2016/blog/big-government/atlas-is-shrugging-in-venezuela/
