by Dan Mitchell | May 30, 2012 | Big Government, Blogs, Economics, Government Spending, Laffer Curve, Taxation
I’m not quite ready to trade places with Canada, but it may just be a matter of time. Like Germany and Sweden, they seem to be slowly but surely trying to move in the right direction. I’ve already commented on good Canadian fiscal policy (including a much-needed...
by Dan Mitchell | Apr 1, 2012 | Blogs, Tax Competition, Taxation
Last year, I expressed skepticism that the White House was serious about reducing the corporate tax rate. And, sure enough, when the Obama Administration produced a plan earlier this year, it was a disappointing mix of a few good provisions and several unpalatable...
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 | Dec 11, 2011 | Blogs, Taxation
Since the Clinton Administration turned out to be much more market-oriented than either his GOP predecessor or successor, this isn’t quite a man-bites-dog story. Nonetheless, it is still noteworthy that Elaine Kamarck, a high-level official from the Clinton White...
by Dan Mitchell | Nov 4, 2011 | Blogs, Tax Competition, Taxation
Most of us are aware that America has a punitive corporate tax system, but here’s a sobering bit of analysis. Corporations pay more money to governments than they do to their shareholders. Here’s a chart from a recent Tax Foundation analysis. Now here’s something even...
