Fresh off new delays in its implementation of the disastrous FATCA legislation, the Treasury Department has announced that it is in discussions with more than 50 countries to sign bilateral agreements…
Daily Analysis
Another Leftist Admits the Real Goal Is Taxing the Middle Class
Obama has staked out a very dogmatic and inflexible position on class-warfare tax hikes and he obviously wants all of us to think only the “rich” will be impacted. I think it’s foolish to penalize investors, entrepreneurs, small business owners and other upper-income…
The Joint Committee on Taxation’s Head-in-the-Sand Approach to the Laffer Curve
I’m a big believer in the Laffer Curve, which is the common-sense proposition that changes in tax rates don’t automatically mean proportional changes in tax revenue. This is because you also have to think about what happens to taxable income, which can move up or down…
In the OECD’s Fantasy World, Higher VAT Taxes “Foster Growth and Employment”
Regular readers know I’m not a fan of the Organization for Economic Cooperation and Development. Heck, just take a look at some of the examples in this post and you’ll understand why. Well, the Secretary-General of the Paris-based bureaucracy just pontificated about…
The “Essential” Role of Tax Havens
Since one of my main priorities is to defend tax competition and tax havens, I’m always delighted to see others jump in the fight to defend fiscal sovereignty. Especially when those people clearly understand that so-called tax havens are necessary to restrain the…
No Time to Go Wobbly On Spending Cuts
These are dark times for advocates of sane fiscal policy. The President and other Democrats have interpreted the recent election as a mandate to raise taxes, and if the past is any indication, the instinct from Republicans will be to cave. As if that isn’t bad…
The United States Ranks Near the Top in the World Bank’s Doing Business Index
I have a love-hate attitude toward international bureaucracies. I’m mostly negative about organizations such as the IMF, World Bank, UN, and OECD. In part this is because they are a very expensive burden on taxpayers, but also because they generally push for bad…
If You Want Good Tax Policy, Choose Jersey (but not New Jersey!)
I’m in Jersey, where I gave a speech last night. But not New Jersey, the state where you shouldn’t die. That’s the state that many people have been fleeing because they don’t like paying confiscatory taxes to finance bureaucrats who make as much as $320,000 per year….
How Do You Turn a Leftist into a Warmonger?
More than four years ago, as part of my efforts to promote and protect tax competition, fiscal sovereignty, and financial privacy, I narrated this video explaining the economic benefits of so-called tax havens. Pay close attention at the 1:07 mark. Yes, you heard…
The Simple Solution to the Fiscal Cliff
Augmented by some amusing cartoons, I’ve already warned that the hysteria about the fiscal cliff is basically a ploy by the politicians to extract more revenue to finance bigger government. Elaborating on this concern, I wrote a column for today’s New York Daily News….