Over a week ago I predicted in an editorial that there would be continued attacks on financial privacy and tax competition, noting that attacks on Romney’s financial holdings were “part of this ongoing effort to undermine tax competition and make it easier…
Daily Analysis
We’re Sending Tax Dollars to a Paris-Based International Bureaucracy So It Can Work with “Occupy” Nutjobs to Push for Higher Taxes
I’m not a big fan of the Organization for Economic Cooperation and Development. This Paris-based international bureaucracy doesn’t get as much attention as the United Nations or International Monetary Fund, but it’s probably does more damage to freedom and prosperity…
House Defeats Motion Supporting Levin’s Latest Misguided Attack on Tax Havens
While the two chambers of Congress work to reconcile the differences between their respective transportation bills, CF&P continues to monitor an unrelated tax provision known as the “Stop Tax Haven Abuse Act” that was slipped into the Senate version by…
The Great Tax Haven Debate, Part II
Back in April, responding to an article written by Ann Hollingshead for the Task Force on Financial Integrity and Economic Development, I wrote a long post defending so-called tax havens. I went through the trouble of a point-by-point response because her article was…
ABC News Produces Empty and Biased Story on Mitt Romney and Tax Havens
Exactly 10 days ago, I predicted that the press would attack Mitt Romney for using tax havens. In that post, I wrote that, “…based on the questions, it appears that the establishment media wants to hit Romney for utilizing tax havens… As far as I can tell, none of…
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…
Mitt Romney and Bain Capital Were Right to Utilize So-Called Tax Havens
I’m not a big fan of Mitt Romney. I hammered him the day before Christmas for being open to a value-added tax, and criticized him in previous posts for his less-than-stellar record on healthcare, his weakness on Social Security reform, his anemic list of proposed…
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…
Are Tax Havens Moral or Immoral?
Being the world’s self-appointed defender of so-called tax havens has led to some rather bizarre episodes. The bureaucrats at the Organization for Economic Cooperation and Development threatened to have me thrown in a Mexican jail for the horrible crime of standing in…
Creating Galt’s Gulch from Scratch?
Advocates of limited government love to fantasize. But because we’re strange people, we don’t have ordinary fantasies about supermodels or playing pro baseball. We daydream about a libertarian nirvana, where the rights of individuals are protected, guided by a moral…