Writing for Hong Kong’s Harbour Times, CF&P President Andrew Quinlan and I recently coauthored a piece explaining why appeasing the radical demands of the OECD is a losing strategy. Simply put, the global tax collectors will not be satisfied with anything less than the end of all tax competition: Like the OECD’s prior standards, demands […]
read more...This article appeared in Harbour Times.
read more...My friend Dr. Eduardo Morgan Jr. recently published an article for La Estrella de Panamá, in which he succinctly summarizes not only the goals of but also the significant problems with the Foreign Account Tax Compliance Act. The Intergovernmental Agreement (IGA) was created purposely to soften the fierce opposition of the global banking industry to […]
read more...This article appeared in La Prensa.
read more...This article appeared in Offshore Investment.
read more...If you have any long-term Japanese investments, sell them soon. In part, that’s because the Japanese Prime Minister announced another Keynesian spending binge earlier this year – even though several so-called stimulus plans in Japan have flopped over the past two decades (Keynesian economics doesn’t work anywhere, but that’s a topic for another day). Adding […]
read more...If I had to identify a “least-favorite” international bureaucracy, it almost certainly would be the Paris-based Organization for Economic Cooperation and Development. The OECD doesn’t waste as much money as the United Nations, it might not cause as much macroeconomic instability as the International Monetary Fund, and it presumably doesn’t produce as much bad research […]
read more...What’s the biggest fiscal problem facing the developed world? To an objective observer, the answer is a rising burden of government spending, caused by poorly designed entitlement programs, growing levels of dependency, and unfavorable demographics. The combination of these factors helps to explain why almost all industrialized nations – as confirmed by BIS, OECD, and […]
read more...I don’t write or speak about education very much, but, when asked, I explain that America has a very costly and inefficient government school monopoly. The strongest piece of evidence is an amazing chart put together by a Cato colleague. It shows that education spending has skyrocketed while educational performance has stagnated. One of my […]
read more...This article appeared in La Prensa.
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