Tag Archives : value-added tax
Rearranging the Deck Chairs Isn’t the Solution for Belgium’s Titanic Tax System
A lesson in tax economics.
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Senator Rand Paul’s Very Good Tax Plan Needs One Important Tweak
It’s mostly very good, but there are some areas of concern.
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Why the VAT May Seem Good in Theory, but Is Bad in Reality
It’s not the economics that are the problem, it’s the politicians.
read more...The Case against the Value-Added Tax
Why a VAT would lead to more spending and more debt.
read more...Are Well-Meaning but Misguided Conservatives Being Seduced by the Value-Added Tax?
Sometimes political reality makes pursuing otherwise economically productive reforms unfeasible, or even counterproductive.
read more...Spending Restraint Is Good Short-Run Policy and Good Long-Run Policy
Regular readers know that good fiscal policy takes place when government spending grows slower than the private economy. Nations that maintain this Golden Rule for extended periods of time shrink the relative burden of government spending, thus enabling more growth by freeing up resources for the productive sector of the economy and creating leeway for lower tax rates. […]
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Support the VAT…if You Oppose Entitlement Reform and Want More spending and More Debt
I’m a supporter of a single-rate tax regime, especially if there’s no double taxation of income that is saved and invested. That’s why I like the flat tax. But I’ve expressed concern about the national sales tax, even though it’s basically the same as a flat tax (the only real difference is that the flat tax takes a bite […]
read more...Another Misguided Plan to Burden America with a Value-Added Tax
It’s no secret that I dislike the value-added tax. But this isn’t because of its design. The VAT, after all, would be (presumably) a single-rate, consumption-based system, just like the flat tax and national sales tax. And that’s a much less destructive way of raising revenue compared to America’s corrupt and punitive internal revenue code. […]
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Wise Words on Fiscal Sovereignty and Corporate Taxation (sort of) from Bill Clinton
I’ve always had a soft spot in my heart for Bill Clinton. In part, that’s because economic freedom increased and the burden of government spending was reduced during his time in office. Partisans can argue whether Clinton actually deserves the credit for these good results, but I’m just happy we got better policy. Heck, Clinton […]
read more...Cheered on by the OECD, Japan Announces Higher VAT Rate to Enable Bigger Government
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 […]
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