Being an American citizen is an honor in many ways, but it is a huge millstone around the neck for highly successful investors and entrepreneurs because of an oppressive and complex tax system. This is particularly true for those based in and/or competing in global…
Daily Analysis
A Victory for the Rule of Law over IRS Bullying.
A Swiss court just threw a wrench in the gears of an IRS effort to impose bad US tax law on an extraterritorial basis, ruling that UBS does not have to hand over data to the American tax authorities. This ruling nullifies an agreement that the Swiss government was…
Sometimes the French Oppose Harmonization
The French government is relentlessly awful in its support for tax harmonization, regulatory harmonization, and other policies to drag other nations into the cesspool of statism. But France’s desire for a one-size-fits-all approach miraculously vanishes when it…
Germany Opposes EU-Wide Tax
German politicians are notoriously bad on European issues, almost always pushing for more centralization, harmonization, and bureaucracy. So it is surprising to see that the German government is rejecting a Luxembourg proposal to give the EU a direct source of tax…
The European Political Elite Will Grab any Excuse to Push Tax Harmonization.
Politicians from high-tax nations hate tax competition. It’s hard to turn people into tax slaves, after all, if they can shift economic activity to a less oppressive nation. But this is old news. What is worth noting, though, is the lengths to which the statists…