“Let’s dismantle our anti-economic taxation before it finishes our economy” By Nicolas Marques, courtesy of Institut économique Molinari The future is particularly worrying for French society. Companies, suffocated by extraordinary taxation and finicky regulations, have structural competitiveness problems. The previous crises have left their mark, with abnormally high unemployment. The coronavirus strikes a weak economy. In the first […]
Tag: VAT
Carbon tax would be disruptive, destructive for Britain
“Why a carbon tax would be bad for Britain” By Sam Packer, courtesy of Taxpayers’ Alliance UK In 2011, Australia introduced the Clean Energy Act to levy additional taxes on carbon emissions. It was repealed just three years later. Since then, British politicians have repeatedly advocated following suit, with 516 references made to the idea […]
“Large-scale” VAT fraud costs Europe 30B-60B euros per year
“The EU Runs a Large Trade Surplus with Itself – One Reason Is Apparently Large-Scale VAT Fraud” Courtesy of IfW Kiel The EU runs a trade surplus with itself of EUR 307 billion—a figure that should be zero if all transactions were properly reported and recorded. Measurement errors alone cannot account for this […]
Hungary Squares the Circle of Globalization
By Erik Sass, TES Editor-in-Chief What does a smallish Central European country have to teach the rest of the world about inclusive growth, fighting income inequality, and social cohesion, all while steering clear of protectionism and maintaining an open economy – in short, “squaring the circle” of globalization? In the case of […]
New Protectionism: Still Protectionism and Bad Economics
By Veronique de Rugy, courtesy of the Mercatus Center For several years now, news headlines have reflected anxieties about the effects of globalization and freeing trade: Will jobs evaporate? Does China have an “unfair” advantage? Is the middle class disappearing? These fears need to be addressed, because they have resulted […]
Tax Cuts Are Lovely, But For Heavens’ Sake Spread Them Around
Conservative proposals to slash UK income taxes represent a welcome vote in favor of investment and job growth, but some of the schemes from leading Tories – read, Boris Johnson – are too top-heavy, doling out relief to high earners while offering the struggling middle class scraps. That’s according to Katie Andrews of the Institute […]