I’ve joked on many occasions that bipartisanship occurs in Washington when the evil party and the stupid party come up with an idea that is simultaneously malicious and misguided. The international version of two-wrongs-don’t-make-a-right occurs whenever the French…
Daily Analysis
Senator Kent Conrad: Is He a Clown, Hack, or Demagogue?
Actually, the answer is all of the above. He pontificates about debt, but he voted for the fake stimulus and budget-busting Obamacare legislation. He’s a preening self-styled deficit hawk, but the nation’s four largest deficits have occurred since he became Chairman…
Tax Haven Myths Return
Senator Carl Levin is revitalizing his crusade against so-called tax havens. In a press release yesterday, he announced the reintroduction of his Stop Tax Haven Abuse Act, while touting the support of labor lobby groups and advocates of big government. As the Center…
With the Support of the Obama Administration, Paris-Based OECD Now Wants De Facto World Tax Organization as Part of its Anti-Tax Competition Campaign
I’ve been battling the Organization for Economic Cooperation for years, ever since the Paris-based bureaucracy unveiled its “harmful tax competition” project in the late 1990s. Controlled by Europe’s high-tax welfare states, the OECD wants to prop up the fiscal…
We Need More Politicians Willing to Resist the Tax Harmonization “Thieves’ Cartel”
I’m back in Bermuda, but not for sun and fun. Instead, I’m like the little Dutch boy with his finger in the dike as part of my ongoing effort to thwart high-tax nations in their attacks against tax competition and tax havens at the “Global Tax Forum” of the…
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…
Senator Rubio, Representative Posey, and other Lawmakers Fighting to Stop IRS Proposal that Would Drive Investment from U.S. Economy
There hasn’t been much good economic news in recent years, but one bright spot for the economy is that the United States is a haven for foreign investors and this has helped attract more than $10 trillion to American capital markets according to Commerce Department…
Reckless IRS Regulation Would Put Foreign Tax Law over American Tax Law and Drive Investment out of the United States
I’m not a big fan of the IRS, but usually I blame politicians for America’s corrupt, unfair, and punitive tax system. Sometimes, though, the tax bureaucrats run amok and earn their reputation as America’s most despised bureaucracy. Here’s an example. Earlier this…
British Business Writer Explains: Thanks to Tax Competition and Tax Havens, the Greed of the Political Class Is Being Constrained
Regular readers know that I’m a big fan of tax competition because politicians are less likely to misbehave if the potential victims of plunder have the ability to escape across borders. Here is an excerpt from a superb article by Allister Heath, one of the U.K.’s…
English Anti-Tax Haven Ideologues Are Just as Foolish and Ignorant as their American Cousins
There’s a supposed expose in the U.K.-based Daily Mail about how major British companies have subsidiaries in low-tax jurisdictions. It even includes this table with the ostensibly shocking numbers. This is quite akin to the propaganda issued by American statists….