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How Private Social Security Is Helping Hong Kong Deal with Major Demographic Challenges

by Dan Mitchell | Feb 17, 2016 | Blogs, Economics, Flat Tax, Taxation

I’m in Hong Kong for series of meeting and briefings on various economic and policy issues. As you can imagine, I’m a huge fan of the jurisdiction’s simple 15 percent flat tax. It’s basically about as close to a pure flat tax as anyplace in the world. There is...
Great News, the Income Tax Is Being Abolished! (but Read the Fine Print)

Great News, the Income Tax Is Being Abolished! (but Read the Fine Print)

by Dan Mitchell | Jan 30, 2016 | Blogs, Economics, Taxation

There is some very good news to share. The income tax will disappear in April! But there’s also some bad news. The income tax is only being abolished in the Caribbean nation of Antigua and Barbuda, and there’s little reason to think that America’s awful internal...

French President Approaches Cliff, Steps on Accelerator

by Dan Mitchell | Jan 20, 2016 | Big Government, Blogs, Government Spending

When I wrote back in 2012 that France was committing fiscal suicide, I should have guessed that President Hollande would get impatient and push for even more statism. Sure enough, the BBC reports that France’s President has a new plan. The ostensible goal is to reduce...

If You Think Corporate Inversions Are Bad, Blame Politicians rather than Pfizer

by Dan Mitchell | Nov 23, 2015 | Blogs, Economics, Taxation

Here we go again. The politicians in Washington are whining and complaining that “evil” and “greedy” corporations are bring traitors by engaging in corporate inversions so they can leave America. The issue is very simple. The United States has a very unfriendly and...
The State With the Best Tax Policy Is Actually South Dakota

The State With the Best Tax Policy Is Actually South Dakota

by Dan Mitchell | Nov 20, 2015 | Blogs, Economics, Taxation

Federalism is great for many reasons. When you have dozens of states with the freedom to choose different policies, you get lots of innovation and diversity, which helps identify policies that work. You also can minimize the cost of mistakes. When a policy error...
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