I can’t say I’m surprised, but I’m nonetheless still nauseated to read that Mitt Romney has decided to endorse ethanol subsidies. Here’s a blurb from Fox in DC. “I support the subsidy of ethanol,” Romney told an Iowa voter. “I believe ethanol is an important part of…
Daily Analysis
Ireland Is Considering a Lower Corporate Tax Rate, so How Come I’m not Happy?
It’s not often that I am unenthusiastic about the possibility of a nation reducing its corporate tax rate. But when the country is doing the right thing for the wrong reason, I hope that feelings of ambivalence are understandable. In this case, some Irish politicians…
A Line in the Sand Against the OECD
CF&P recently released a paper calling on low-tax jurisdictions to resist the OECD. The high-tax European welfare states which control the OECD continue to move the goal posts and devise ever more hoops through which low-tax jurisdictions are expected to jump. As…
National Economic Suicide to Drive Out Capital
Richard Rahn writes in the Washington Times today on a pair of regulations which he describes as “national economic suicide.” At issue is the IRS’s proposed regulation that would require U.S. banks to report information on foreign account holders,…
New Paper Explains Why Low-Tax Jurisdictions Should Resist OECD Attacks Against Tax Competition and Fiscal Sovereignty
One of the biggest threats against global prosperity is the anti-tax competition project of a Paris-based international bureaucracy known as the Organization for Economic Cooperation and Development. The OECD, acting at the behest of the European welfare states that…
A Very Depressing Picture of Tax Complexity and Political Corruption
Read it and weep. Or maybe I should say look at it and weep. I suppose this is a good time to recycle my flat tax video. I don’t mention this in the video, but Hong Kong’s flat tax system, which has been around for more than 60 years, requires less than 200 pages….
Greetings from Bermuda – a Multiracial Paradise Disliked by the Left
My fight for freedom often requires great sacrifice. Last month, I went to Monaco and spoke about financial regulation and bailouts. Today, I’m in Bermuda, where I just gave a speech about tax competition. Both jurisdictions are remarkable places, among the richest…
States Show Tax Competition in Action
We often look at how tax competition affects nations, but the same concept applies to U.S. states as well. Two recent reports demonstrate what happens when politicians fail to understand just how tax competition works. In a report from the Maine Heritage Policy…
Do Budget Deficits Threaten American Competitiveness? Dan Mitchell vs. the Establishment
I recently took part in a symposium on “The Budget Deficit and U.S. Competitiveness.” Put together by the Council on Foreign Relations, five of us were asked to concisely explain our thoughts on the issue. Here’s some of what I wrote: Excessive government spending can…
Back-Door Tax Increases Are a Recipe for Bigger Government
Martin Feldstein’s on a roll, but not in a good way. Earlier this week in the Wall Street Journal, he advocated throwing in the towel on reforming Social Security into a system of personal retirement accounts. Today, in the New York Times, he endorses big tax…