by Dan Mitchell | Jul 1, 2024 | Blogs, Taxation
When I write about how we can learn by examining tax policy in other nations, it’s normally because there’s an important policy lesson. It’s unfortunate to have an income tax. Adopting a VAT leads to bigger government. Wealth taxes are extraordinarily...
by Dan Mitchell | Jun 14, 2024 | Blogs, Taxation
Less than two months ago, I shared a chart looking at tax burdens on saving and investment in the industrialized world. The nation with the lowest tax burden on capital was Lithuania (unsurprisingly, all of the Baltic countries scored...
by Dan Mitchell | May 6, 2024 | Blogs, Taxation
Everything you need to know about wealth taxation can be summarized in two sentences. The biggest problem with most tax systems is the pervasive tax bias against income that is saved and invested, which discourages the accumulation of capital that helps...
by Dan Mitchell | Apr 29, 2024 | Blogs, Capital Gains, Taxation
The tax bias against saving and investment is a major problem in the United States and many other nations. According to the latest-available data from the Tax Foundation, the worst of the worst is Canada. So how does Canada’s...
by Dan Mitchell | Jan 19, 2024 | Big Government, Blogs, Taxation, Welfare and Entitlements
Serious and responsible people (in other words, not Trump or Biden) know that Social Security has a massive long-run problem. A fast-growing number of seniors are expecting future benefits but only a slow-growing number of workers will be paying into the...
