I fight to preserve tax competition, fiscal sovereignty, and financial privacy for the simple reason that politicians are less likely to impose destructive tax policy if they know that labor and capital can escape to jurisdictions with more responsible fiscal…
Daily Analysis
The Worst Dollar-for-Dollar Spending in DC
Examples of government waste are not hard to find in Washington DC, but identifying the worst, most egregious instances of destructive spending is more difficult. Based on the facts cited by a new CF&P Libertas published earlier this week, a strong case can be…
Since Obama’s Class-Warfare Tax Policy Is Failing in Illinois, Why Does He Think It Will Work for the Entire Country?
President Obama’s two biggest “achievements” since taking office are the so-called stimulus and government-run healthcare. But neither one of those policies are popular, so the President largely ignored them during his state-of-the-union address and instead focused on…
Another Much-Needed Defense of Tax Competition and Tax Havens by a British Politician
I sometimes make fun of the English, for reasons ranging from asinine laws to milquetoast politicians to horrid healthcare policy. But at least some U.K. elected officials are willing to stand up for tax competition and fiscal sovereignty by defending low-tax…
Obama Administration Supports Rogue IRS Regulation in Order to Please Europeans, Even though It Will Undermine American Banks and Hurt the U.S. Economy
I’ve written several times about a proposed IRS regulation that would force American banks to put foreign law above U.S. law. I’ve repeatedly warned that the scheme, which would force financial institutions to report the deposit interest they pay to foreigners, is bad…
Per Dollar Spent, OECD Subsidies May Be the Most Destructively Wasteful Part of the Federal Budget
I’m not a fan of international bureaucracies. I’ve criticized the United Nations for wanting global taxes. I’ve condemned the International Monetary Fund for promoting bigger government. I’ve even excoriated the largely unknown Basel Committee on Banking Supervision…
Forget the Moochers on Wall Street, Shareholders Should Occupy Washington
Most of us are aware that America has a punitive corporate tax system, but here’s a sobering bit of analysis. Corporations pay more money to governments than they do to their shareholders. Here’s a chart from a recent Tax Foundation analysis. Now here’s something even…
CF&P Warnings on OECD Confirmed by New Study
Dr. Andrew P. Morriss of the University of Alabama and Lotta Moberg of George Mason University have produced a new paper titled, ““Cartelizing Taxes: Understanding the OECD’s Campaign Against ‘Harmful Tax Competition’,” which thoroughly documents the…
Another Sign of American Decline: USA Drops from 1st to 5th in Index of Financial Centers
I’ve previously blogged about the declining status of the United States, as measured by objective sources such as the Economic Freedom of the World Index and the World Economic Forum’s Global Competitiveness Report. My attitude about these developments is to…
Bringing Science to Government
Accusing a political opponent of being anti-science has become a standard tactic of both parties in recent years. These accusations are usually dishonest, as what the accuser typically means is that the accused is not properly weighing the costs and benefits of…