It goes without saying that I’m always ready to defend tax havens when statists are seeking to undermine tax competition, financial privacy, and fiscal sovereignty. So when the BBC asked if I would debate the topic, I said yes even though I’m in Paris (where…
Daily Analysis
The Tax Foundation 1 – New York Times 0
Whether it’s American politicians trying to extort more taxes from Apple or international bureaucrats trying to boost the tax burden on firms with a global corporate tax return, the left is aggressively seeking to impose harsher fiscal burdens on the business…
Rand Paul Debunks the Shameful Demagoguery against Apple
Senator Rand Paul is perhaps even better than I thought he would be. He already is playing a very substantive role on policy, ranging from his actions of big-picture issues, such as his proposed budget that would significantly shrink the burden of government…
Four Reasons to Applaud Apple’s Tax Planning
The Senate is holding a Kangaroo Court designed to smear Apple for not voluntarily coughing up more tax revenue than the company actually owes. Here are four things you need to know. Apple is fully complying with the tax law. There is no suggestion that Apple has done…
OECD Study Admits Income Taxes Penalize Growth, Acknowledges that Tax Competition Restrains Excessive Government
I have to start this post with a big caveat. I’m not a fan of the Paris-based Organization for Economic Cooperation and Development. The international bureaucracy is infamous for using American tax dollars to promote a statist economic agenda. Most recently, it…
Going Galt: More Americans Vote with their Feet against Obama
I’ve written many times about how investors, entrepreneurs, small business owners and other successful people migrate from high-tax states to low-tax states. Well, the same thing happens internationally, as France’s greedy politicians are now learning. It’s a lot…
MarketPlace Fairness Act Thwarts Tax Competition
The Marketplace Fairness Act, a misguided attempt to allow expanded sales tax collection online, passed the Senate on Monday, though its fate in the House is less clear. Also less clear is whether the law passes constitutional muster. At the very least it severely…
Why the So-Called Marketplace Fairness Act Is a Misguided Expansion of Power for State Governments
I’m either a total optimist or a glutton for punishment. I recently explained the benefits of “tax havens” for the unfriendly readers of the New York Times. Now I’m defending a different form of tax competition for CNN, another news outlet that leans left. In this…
New European Data: When Tax Competition Is Weakened, Politicians Respond by Increasing Tax Rates
I often argue that we need to preserve tax competition and tax havens in order to limit the greed of the political class. Without some sort of external constraint, they will over-tax and over-spend, creating the kind of downward economic spiral already happening in…
No, There Are No FATCA Treaties in the Senate
Yesterday, an article in The Wall Street Journal by Ben DiPietro reported that Senator Rand Paul is holding up “FATCA treaties” in the Senate. If only it were so, but this is simply untrue. There are no such FATCA treaties. The treaties in question are…