by Dan Mitchell | Feb 23, 2012 | Blogs, Taxation
American companies are hindered by what is arguably the world’s most punitive corporate tax system. The federal corporate rate is 35 percent, which climbs to more than 39 percent when you add state corporate taxes. Among developed nations, only Japan is in the same...
by Dan Mitchell | Jan 17, 2012 | Blogs, Economics, Tax Competition, Tax Havens, Taxation
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...
by Dan Mitchell | Jan 9, 2012 | Blogs, Tax Havens, Taxation
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...
by Dan Mitchell | Dec 1, 2011 | Blogs, Economics, Free Market
I’m glad that China has taken some steps away from communism. According to Economic Freedom of the World, China was one of 10-worst nations for economic liberty back in 1980 and they’ve since climbed to 92nd place out of 141 nations. I’ve even offered a small bit of...
by Dan Mitchell | Nov 12, 2011 | Blogs, Taxation
I’m periodically asked about proposals to impose “small” taxes on transactions. There are a couple of versions of this idea. In some cases, such proposals are designed to tax every economic transaction and supposedly generate enough money to replace all other taxes....
