I’ve previously blogged about the declining status of the United States, as measured by objective sources such as the Economic Freedom of the World Index and the World Economic Forum’s Global Competitiveness Report. My attitude about these developments is to sarcastically say, “Thanks for nothing, Bush and Obama.” But the real insult to injury is […]
read more...Accusing a political opponent of being anti-science has become a standard tactic of both parties in recent years. These accusations are usually dishonest, as what the accuser typically means is that the accused is not properly weighing the costs and benefits of addressing a particular issue to their liking. Or they accuse them of disagreeing […]
read more...Being the world’s self-appointed defender of so-called tax havens has led to some rather bizarre episodes. The bureaucrats at the Organization for Economic Cooperation and Development threatened to have me thrown in a Mexican jail for the horrible crime of standing in the public lobby of a hotel and giving advice to low-tax jurisdictions. On […]
read more...Another American company has decided to expatriate for tax reasons. This process has been going on for decades, with companies giving up their U.S. charters (a form of business citizenship) and redomiciling in low-tax jurisdictions such as Bermuda, Ireland, Switzerland, Panama, Hong Kong, and the Cayman Islands. The companies that choose to expatriate usually fit […]
read more...Advocates of limited government love to fantasize. But because we’re strange people, we don’t have ordinary fantasies about supermodels or playing pro baseball. We daydream about a libertarian nirvana, where the rights of individuals are protected, guided by a moral order based on freedom and responsibility, and the leviathan state is forever constrained. Ayn Rand […]
read more...I’ve joked on many occasions that bipartisanship occurs in Washington when the evil party and the stupid party come up with an idea that is simultaneously malicious and misguided. The international version of two-wrongs-don’t-make-a-right occurs whenever the French and the Germans conspire on economic policy. The latest example is a joint proposal for “economic governance” […]
read more...Now that the debt-limit fight is basically over (the Senate will join the House in approving it later today), we need to immediately prepare for the next stage in the fight to stop big government and restore economic liberty. President Obama and other leftists clearly have signaled that they want the new “super committee” – […]
read more...In a pair of letters sent to Treasury and Congressional leadership, the Center for Freedom and Prosperity (CF&P) has once again asked Congress to repeal the Foreign Account Tax Compliance Act (FATCA), and for Treasury to conduct a cost-benefit analysis. While CF&P welcomes the recent IRS announcement that FATCA will not be put into force at the beginning of 2013 as originally scheduled, the announcement shows recognition on the part of the IRS of the heavy regulatory burden that would be placed on foreign financial institutions.
read more...President Obama is stubbornly clinging to his ideological agenda of bigger government and class warfare. Wasteful programs magically become “investments” for growth, and higher tax rates get turned into “shared sacrifice.” Interestingly, we already know what eventually happens with this approach. Europe’s welfare states are now dealing with the wreckage of Obamanomics-type policies and the […]
read more...We fight to preserve tax competition among nations, but the principle’s effects exist within the US among the states, as well. George Scoville writes about the likely outcomes of a decision by Vermont to raise their cigarette taxes by $0.38 while New Hampshire lowers theirs by $0.10: Prices are information wrapped in incentives, and taxes […]
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