“Taxing billionaires: Geographical location of the ultra-wealthy in the U.S. is highly sensitive to state estate taxes” By Enrico Moretti and Daniel J. Wilson, courtesy of IZA The United States exhibit vast geographical differences in the degree to which personal income, corporate income and wealth are taxed. There has been much debate in […]
Tag: tax
Tech tax: a moderate European perspective
“Taxing the digital economy — Time for pragmatism” Courtesy of CEPS Globalisation and digitalisation, together with concerns over corporate tax avoidance, have sparked an international debate about whether tax rules are fit for purpose. The issue of taxing the digital economy figures ever more prominently on policy agendas around the world, while the OECD is […]
Canada passed a free trade deal with itself – and it’s still not enough
“Interprovincial trade: Alberta in first place, Quebec in last” Courtesy of MEI While Canada continues to negotiate free trade agreements with numerous countries, the provinces maintain obstacles to trade within our own borders. The MEI and the Canadian Constitution Foundation (CCF) have listed them from best to worst in a ranking of Canadian […]
UK council finances are unsustainable, new model urgently needed
TPA responds to IFS report on council tax By Harry Fone, courtesy of Taxpayers’ Alliance A new report released by the Institute for Fiscal Studies (IFS) has analysed funding for local authorities and made a series of recommendations. Few would challenge the IFS’ argument that the present funding model is unsustainable and alternative […]
Why a wealth tax would fall flat in the U.S., as elsewhere
“Wealth Tax Revenues” By Chris Edwards, courtesy of the Cato Institute Presidential candidates Bernie Sanders and Elizabeth Warren have each proposed an annual wealth tax on the richest Americans. There are so many flaws with such a tax that it probably would not pass Congress. If it did pass, it would likely be […]
UK working class voters want real tax relief
“New polling from the TaxPayers’ Alliance shows tax cuts are key to winning working class votes” Courtesy of the Taxpayers’ Alliance Landmark national polling data, commissioned by the TaxPayers’ Alliance (TPA) and conducted this summer, has found that working class voters back bold tax cuts, both on household income and on British businesses. […]
No, taxing the rich really doesn’t work
By Nicolas Lecaussin, courtesy of IREF and Contrepoints California is becoming the new France. Here we prefer the poor to the rich, and we do everything to tax and punish the well-off. Except it turns out it doesn’t work in California either — in fact it even has the opposite effect. In 2012, […]
Importing Bad Ideas: Let’s Not
“Foreign reference pricing” is just price controls by the backdoor The world is full of bad ideas that self-interested parties sometimes try to bring to these shores, swearing up and down they’re actually good: karaoke, kale, Neti pots, the Yugo, the Macarena, Gerard Depardieu — the list goes on. To this hall of shame must […]
Raise the inheritance tax threshold to £1 million
“Raise the inheritance tax threshold to £1 million” Duncan Simpson, courtesy of Taxpayers’ Alliance If the inheritance tax threshold was increased from £325,000 to £1 million, almost 25,000 fewer families would have to pay the hated death tax across this year and next. The government would still be raking in £7 billion […]
Healthy tax competition is possible and needed
“Principled Tax Competition” By Daniel Bunn and Else Aken, courtesy of IREF The structure of a country’s tax code is an important determinant of its economic performance. The Tax Foundation’s International Tax Competitiveness Index has ranked OECD countries’ tax systems for the last six years, and every year Estonia has been the number one country […]