I’ve been very critical of the Organization for Economic Cooperation and Development. Most recently, I criticized the Paris-based bureaucracy for making the rather remarkable assertion that a value-added tax would boost growth and employment. But that’s just the tip of the iceberg. The OECD has allied itself with the nutjobs from the so-called Occupy movement […]
read more...As a general rule, it’s not right to take pleasure at the misfortune of others. But I think we’re allowed an exception to that Schadenfreude rule when the “others” are greedy politicians pursuing spiteful policies. We want the political elite to suffer misfortune because of our desire to promote freedom and prosperity for ordinary people. […]
read more...Thanks to tax competition and beginning with the cuts under Reagan and Thatcher, global tax rates have declined over the last several decades. In order to remain economically competitive, politicians have had to refrain from the excessive fleecing of taxpayers and businesses – or at least settled for confiscating less wealth than they otherwise would. […]
read more...This article appeared in Forbes.
read more...Hardly anyone stands up for taxpayers. It’s the classic problem of concentrated interests and defused costs. Those who benefit from profligate government spending are strongly motivated to lobby for their pet handout. But every individual bit of waste only adds a tiny burden on any individual taxpayer, as the costs are spread out over the […]
read more...With the release of a new paper on “Addressing Base Erosion and Profit Shifting,” the Organization for Economic Cooperation and Development (OECD) seeks to undermine global commerce by giving high-tax nations the right to tax business income earned in low-tax jurisdictions. The Center for Freedom and Prosperity strongly opposes this new OECD scheme.
read more...Every so often, you get a “teaching moment” in Washington, and we now have an excellent opportunity to educate lawmakers about the “offshore” world because President Obama’s nominee to be Treasury Secretary has been caught with his hand in the tax haven cookie jar. Mr. Lew not only invested some of his own money in […]
read more...Like so many bad ideas in Washington, the recently introduced “Marketplace Fairness Act” has bipartisan support. But there’s nothing fair about allowing states to reach outside their borders to tax businesses headquartered elsewhere. In fact, the bill’s broad expansion of state taxing authority is a direct assault on tax competition, federalism and, indeed, basic fairness. […]
read more...I’m a huge fan of so-called tax havens. I’ve been working for more than 10 years to protect and promote the values of tax competition, fiscal sovereignty, and financial privacy. The bureaucrats at the OECD even threatened to have me tossed in a Mexican jail because I was advising representatives of low-tax jurisdictions on how […]
read more...I wrote recently about the need to draw a line in the sand on FATCA. Long story short, if current efforts to form an international tax cartel are not halted immediately, we can look forward to a future with a bleak economic outlook due to depressed worldwide investment, non-existent financial privacy for individuals and thus […]
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