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CF&P E-mail Update, May 17, 2004

Center for Freedom and Prosperity's E-mail Update

1) CF&P to Cosponsor Berlin Tax Competition Conference – June 2, 2004

2) House leadership blasts Clinton-O'Neill IRS regulation.

3) Independent study says IRS regulation will drive $87 billion out of U.S. banks.

4) Victory - and defeat - on the EU savings tax cartel

5) Low-tax jurisdictions must resist OECD bullying

6) Led by the US, low-tax nations rank as most competitive

7) Veronique de Rugy: Will the EU move in the right direction?

8) Misguided worldwide tax system hurts competitiveness ... and reduces tax revenue

9) Oracle and consumers under attack from the Justice Department

10) OECD economists call for lower tax rates and labor market deregulation

11) Wall Street Journal defends East European nations from tax harmonization threat

12) Senator Allen fights to keep Internet free from government intervention

13) Happy Anniversary to the woman who saved Britain

14) Treasury Secretary John Snow makes the right point

15) Richard W. Rahn: Incompetence or sabotage?

16) Supply-side tax cuts work, Keynesian handouts bomb

17) Washington Post columnist condemns Kerry tax plan, calls for tax reform

18) Additional EU and EU STD Blogs and News Clips

19) Additional Tax Competition Blogs and News Clips

20) Additional Taxation Blogs and News Clips

21) Additional Free Market Blogs and News Clips

22) Additional Tax Harmonization Blogs and News Clips

23) Additional UN, OECD and Other Multinational Groups Blogs and News Clips

24) Additional Big Government Blogs and News Clips

25) CF&P Blogs and Clips

 

1) CF&P to Cosponsor Berlin Tax Competition Conference: Leading Policymakers to Discuss OECD and EU Tax Harmonization Proposals

The Center for Freedom and Prosperity will host a Tax Competition Conference to be held in Berlin, Germany on Wednesday, June 2nd at 3 p.m. in the Saphir room of the Radisson SAS hotel followed by a reception. The conference is being co-sponsored by the Washington-based Heritage Foundation and the Friedrich Naumann Foundation of Germany, and it will discuss the virtues of tax competition and explore the adverse consequences of tax harmonization. The Conference deliberately precedes the OECD's Global Forum on International Tax Policy that starts the next day.

The Conference is designed to educate European audiences about tax competition issues and also give non-OECD policy makers useful information as they prepare to meet with the OECD.  Leading international tax experts from the United States and Europe will discuss how best to preserve tax competition, financial privacy, and fiscal sovereignty.

The OECD has convened their Global Forum to convince targeted non-OECD jurisdictions that there is a "level playing field" between them and the 30 OECD countries, notwithstanding the fact that numerous OECD member nations do not share information with foreign tax authorities. [Link to full release:]
http://www.freedomandprosperity.org/press/p05-14-04/p05-14-04.shtml

RSVP to rsvp@freedomandprosperity.org

 

2) House leadership blasts Clinton-O'Neill IRS regulation.

The Bureau of National Affairs reports on the strongly-worded letter from members of the House leadership to Treasury Secretary Snow. The various leaders vigorously condemned the IRS's illegal interest-reporting regulation and asked for its immediate withdrawal.

[Excerpt from the Bureau of National Affairs article:]

Four members of the House Republican leadership wrote April 22 to Treasury Secretary John Snow, asking that he intervene to cancel a proposed Internal Revenue Service regulation (REG-133254-02) that would require U.S. financial institutions to report interest paid to nonresident aliens to the IRS. House Majority Leader Tom DeLay (Texas), Majority Whip Roy Blunt (Mo.), Republican Conference Chairwoman Deborah Pryce (Ohio), and Chief Deputy Majority Whip Eric Cantor (Va.) called the regulation "burdensome and unnecessary" and said it was "potentially harmful to the current economic recovery and future efforts at tax reform." The letter, released by the Center for Freedom and Prosperity, which has been orchestrating publicity for widespread opposition to the proposal, called it a "misguided Clinton-era regulation," and an accompanying news release said that Bush supporters in Congress want it cancelled. ...The rules have been widely criticized by private sector groups, and more than 40 lawmakers have asked Treasury to withdraw or review the regulations. Currently, nonresident alien bank deposit interest is not taxed and no statute calls for the reporting of such interest. [Link to full article below:]

April 27, 2004, Bureau of National Affairs, GOP Leaders Ask Snow to Drop Rules on Nonresident Alien Interest Reporting
http://pubs.bna.com/ip/BNA/der.nsf/is/a0a8m4q6k8

April 27, 2004, The Market Center Blog, House leadership blasts Clinton-O'Neill IRS regulation.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#274

CF&P and Coalition for Tax Competition Statement on the House Leadership letter:
http://www.freedomandprosperity.org/press/p04-26-04/p04-26-04.shtml

Link to House Leadership letter:
http://www.freedomandprosperity.org/ltr/delay-irs/delay-irs.shtml

CF&P's Dedicated IRS Interest Reporting Regulation Web Page:
http://www.freedomandprosperity.org/update/irsreg/irsreg.shtml

Complete List of Opposition to Regulation:
http://www.freedomandprosperity.org/against-irsreg.pdf

 

3) Independent study says IRS regulation will drive $87 billion out of U.S. banks.

It has been more than three years since the Clinton Administration proposed an IRS regulation requiring US banks to report the interest income paid to nonresident foreigners.  The Bush White House has blocked the regulation from being implemented, but victory will only be achieved when the regulation is withdrawn. Fortunately, there has been progress. Recently, Tom DeLay and other House leaders asked Treasury to immediately withdraw the rule and more than 110 Members of Congress have weighed in against the regulation. A recent study on the effects of the proposed regulation on the economy estimated a massive outflow of deposits from the United States. Jay Cochran of George Mason University's Mercatus Center comments on his study in the current issue of Cato's Regulation magazine.

[Excerpts from Regulation magazine:]

Based on reasonable estimates . . . my study estimates that the rule may induce a deposit outflow from the United States of at least $88 billion as affected European depositors seek deposit venues more in line with their preferences for yields, privacy, and security. …When our federal government spends sums measured in the trillions of dollars, an $88 billion effect may not sound particularly large, but that perception is misguided. First, consider that an $88 billion deposit outflow is more than twice the size of the reserves position of the entire U.S. banking industry. This is not meant to suggest that the reserves of our banking system would evaporate, but that such large deposit outflows would require banks to make some potentially painful balance sheet readjustments at the margin. Second, because the rule-induced changes occur at the margin, they indicate an important change in depositor perceptions — a change, moreover, that could easily spill over to other foreign depositors not yet covered by the rule. Lastly, other things equal, the natural market check on deposit outflows typically comes from an offsetting rise in U.S. deposit interest rates. By implication, an increase in banks' costs of funds obtained through deposits means the rates charged for credit can also be expected to increase.

Spring 2004, Regulation, By Jay Cochran, Mercatus Reports: Commentary -- The IRS's Missing 'Check'
http://www.freedomandprosperity.org/jaycochran.pdf

May 4, 2004, The Market Center Blog, Independent study says IRS regulation will drive $87 billion out of U.S. banks.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#046

March 9, 2004, Mercatus Center at George Mason University's Working Papers in Regulatory Studies: An Economic Analysis of the Proposed IRS Rules Governing the Reporting of Deposit Interest Paid to Nonresident Aliens, by Jay Cochran, III
http://www.mercatus.org/pdf/materials/635.pdf

 

4) Victory - and defeat - on the EU savings tax cartel

The high-tax nations have completely capitulated to Switzerland and Luxembourg. The EU savings tax directive presumably will now be approved, albeit in an emasculated form. Compared to what high-tax nations originally were demanding, this is a great victory for tax competition. Moreover, the agreement is so riddled with loopholes that only the most incompetent French or German taxpayer will be caught. As a result, Europe's welfare states will still face pressure to enact much-needed tax reforms. But the agreement is still bad news, both because it does hinder good tax policy and especially since the ink won't even be dry on this agreement before the European Commission seeks to expand the reach of this measure to facilitate double-taxation. The Bureau of National Affairs and EU Observer both have useful reports:

[Excerpt from Bureau of National Affairs:]

...all 25 member states agreed to guarantee Luxembourg's banking secrecy as long as Switzerland retains its secrecy. Luxembourg, a tiny tax haven within the EU, had threatened to veto the final green light for the EU savings tax law unless it received the same conditions as its rival Switzerland outside the EU. [Link to full article below:]
http://pubs.bna.com/ip/BNA/der.nsf/is/a0a8r8z0d4   (subscription required)

[Excerpt from EU Observer]

The European Union on Thursday (13 May) finally overcame internal differences to clear the way for Bern and Brussels to sign a set of nine bilateral treaties. These will give Switzerland membership of the Schengen agreement - which would allow it free movement of people across the EU borders - but with an opt-out on sharing information about tax evasion. [Link to full article below:]
http://euobserver.com/?aid=16040&rk=1

Friday, May 14, 2004, The Market Center Blog, Victory - and defeat - on the EU savings tax cartel.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#145

May 14, 2004, Bureau of National Affairs, By Bengt Ljung, EU Agrees to Allow Luxembourg to Retain Bank Secrecy as Long as Switzerland Does
http://pubs.bna.com/ip/BNA/der.nsf/is/a0a8r8z0d4

May 14, 2004, EU Observer, by Lisbeth Kirk, Breakthrough in talks with Switzerland
http://euobserver.com/?aid=16040&rk=1

 

5) Low-tax jurisdictions must resist OECD bullying

Julian Francis of the Bahamas Central Bank correctly argues that low-tax jurisdictions must band together and fight tax harmonization schemes being pushed by international bureaucracies such as the Organization for Economic Cooperation and Development.

[Excerpt from Tax-news.com:]

The Governor of the Central Bank of the Bahamas, Julian Francis, has urged small states to cooperate more closely with one another to ensure that their presence is felt by the OECD and onshore jurisdictions when new tax initiatives are being discussed. "The OECD have sought to isolate small states by accusing them of engaging in harmful tax practices... By working more closely, small states would be better positioned to present a unified strategy and oppose those initiatives which may be harmful to the interests of many less powerful nations, Mr Francis pointed out. He also suggested that the offshore world should establish bodies of intellectual opinion and formulate its own initiatives to challenge the prevailing opinions of the onshore nations. "Although we may be competitors, our survival and consequently our viability, depend to a great degree on our success in developing this level of cooperation," argued the Central Bank governor.

May 7, 2004, Tax-News.com, by Amanda Banks, Offshore World 'Must Work In Harmony' On OECD Tax Initiatives
http://www.tax-news.com/asp/story/story.asp?storyname=15930

May 9, 2004, The Market Center Blog, Low-tax jurisdictions must resist OECD bullying.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#092

June 2, 2004, Upcoming Berlin Tax Competition Conference, CF&P to Cosponsor Berlin Tax Competition Conference: Leading Policymakers to Discuss OECD and EU Tax Harmonization Proposals
http://www.freedomandprosperity.org/press/p05-14-04/p05-14-04.shtml

 

6) Led by the US, low-tax nations rank as most competitive.

The United States is the world's most competitive economy, as it has been all five years that IMD, a Swiss-based education center, has been issuing its survey. Germany and France, meanwhile, have both fallen by eight places over the same time span according to the historical rankings (http://www01.imd.ch/documents/wcy/content/pastranking.pdf). Other top-ten low-tax and/or tax haven jurisdictions include Singapore, Hong Kong, Australia, and Iceland. Taxes, to be sure, are just one component of economic policy. All other things being equal, however, low tax rates are associated with better economic performance. The IMD survey, incidentally, predicts things will get worse in "Old Europe."

[Excerpt from IMD survey:]

Economic growth in Europe has been weak throughout 20 03, on average 0.9 % , with some countries such as Germany or the Netherlands sinking into recession. Only Britain and Spain have performed relatively well. A weak economy means that corporate taxes and indirect taxes (such as VAT) bring less money to the State. ...The cause of Europe's budget deficits is more structural than in the US. [Link to full executive summary of survey below:]

April 28, 2004, IMD World Competitiveness Year Book 2004, By Stéphane Garelli, The World Competitiveness Landscape in 2004: Hot Issues -- Executive Summary
http://www01.imd.ch/documents/wcy/content/eSummary.pdf

May 7, 2004, The Market Center Blog, Led by the US, low-tax nations rank as most competitive.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#076

 

7) Veronique de Rugy:  Will the EU move in the right direction?

Veronique de Rugy of the American Enterprise Institute contemplates whether the European Union can be saved by competition from the new low-tax members from Eastern Europe. The unpalatable alternative, of course, is that the bureaucrats in Brussels will undermine free-market policies and turn "New Europe" into "Old Europe."

[Excerpt from Techcentralstation.com:]

The interesting question is whether these new EU nations will be allowed to keep their free-market policies. The EU is at a crossroads. The bureaucrats in Brussels who run the EU can decide to welcome the competition from these lower tax jurisdictions and urge the nations of "Old Europe" to reform their tax systems and cut tax rates. In other words, the EU could decide to respond to tax competition with tax competition. The EU's second option is to undermine tax competition by bullying the newcomers into increasing their rates. The underlying assumption is that differences in tax rates create "unfair" tax competition. To stop money, businesses and jobs from escaping Europe's high-tax economies in order to flee to Eastern European countries, they want tax rates to be harmonized. [Link to full article below:]

May 10, 2004, Tech Central Station, By Veronique de Rugy, Tax Europa
http://www.techcentralstation.com/051004A.html

May 12, 2004, The Market Center Blog, Will the EU move in the right direction?
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#122

 

8) Misguided worldwide tax system hurts competitiveness ... and reduces tax revenue.

The Joint Committee on Taxation estimates that the federal government actually loses money by trying to tax profits that corporations earn in other countries. The revenue-estimators probably made some assumptions that are at odds with a well-designed territorial system, so this finding should be treated with a grain of salt. But it is still remarkable that the current system is so poorly designed that it manages to simultaneously undermine US companies and lose money for the government.

[Excerpt from an excellent Wall Street Journal article on the JCT report:]

The U.S. system for taxing overseas profits of American companies is so riddled with loopholes and credits that the government would collect $6 billion more each year if it stopped trying to tax those profits altogether, according to a new estimate by congressional tax experts. ...France, Germany and some other countries use more of a "territorial" approach that taxes companies only on profits made within that country. In that system, there aren't any taxes on profits from overseas operations -- and thus no need for the deductions and credits that U.S. firms exploit so successfully to lower their overall burden. Beyond the lost revenue, critics of the existing U.S. tax code say its loopholes, credits and deductions create incentives for companies to move operations overseas. A move toward a territorial system would remove that tilt, they say. [Link to full article below:]

May 5, 2004, The Wall Street Journal, By John D. Mckinnon, U.S. Overseas Tax Is Blasted: Study Says the Levy Isn't Worth The Cost to Implement
http://online.wsj.com/article/0,,SB108370777246501914,00.html?mod=todays_us_page_one   (subscription required)

May 6, 2004, The Market Center Blog, Misguided worldwide tax system hurts competitiveness ... and reduces tax revenue.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#068

 

9) Oracle and consumers under attack from the Justice Department.

Dan Mitchell's recent commentary on PBS's Nightly Business Report points out that taxpayers and consumers lose whenever the government picks winners and losers:

Video: http://www.townhall.com/audio/content/on_tv/dan_mitchell_weta_4_26_04.ram

[Excerpt from Dan Mitchell's commentary:]

…Unfortunately, the United States is not immune from misguided government intervention, and the Justice Department's opposition to the Oracle (ORCL)-PeopleSoft (PSFT) merger is a good example. Bureaucrats at Justice want to block the deal, based on a bizarre new theory that there are too few firms and that a merger will create monopoly power if any potential customer, just one person, feels that it will result in fewer suppliers in any given market for any particular good. Ironically, those same bureaucrats must not be familiar with the Justice Department's software purchases. Even though the government's case is predicated on the notion that there are only three companies providing the relevant software, the Department of Justice just purchased $24 million of software from another company, one of many niche firms that make the market so dynamic. Expansions, contraction, mergers, divestitures and bankruptcies are all part of the free market system. That growth-creating process will be seriously damaged if Justice Department bureaucrats are allowed to second guess real world business decisions. We don't want America to become more like France. President Bush and Attorney General John Ashcroft should rein in the bureaucrats at justice, or better yet, have them chase after real monopolies, inefficient monstrosities like the post office.

April 26, 2004, PBS's Nightly Business Report, by Dan Mitchell, Commentary: The Bureaucratic Blockade
http://www.nightlybusiness.org/transcript/2004/transcript042604.html#story5

April 26, 2004, Video: PBS's Nightly Business Report, by Dan Mitchell, Commentary: The Bureaucratic Blockade
http://www.townhall.com/audio/content/on_tv/dan_mitchell_weta_4_26_04.ram

May 4, 2004, The Market Center Blog, Oracle and consumers under attack from the Justice Department.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#048

 

10) OECD economists call for lower tax rates and labor market deregulation.

The lawyers working for the Fiscal Affairs Committee want tax harmonization, but the economists at the Paris-based bureaucracy have a more sensible attitude. In a recently released report, the OECD stated that nations in Eastern Europe should cut tax rates even further (particularly since payroll tax rates remain very high). The Wall Street Journal reports that the OECD even cited Ireland as a role model.

[Wall Street Journal Excerpt]

The Organization for Economic Cooperation and Development, funded by 30 governments around the world, said the four largest new EU economies -- the Czech Republic, Hungary, Poland and Slovakia -- need to cut labor taxes and do everything possible to encourage foreign investors if they are to follow Ireland's example and catch up with existing EU members in terms of per-capita wealth. The OECD also said in its twice-annual world economic outlook released yesterday that the growth gap between the U.S. and the euro zone will widen this year as the world economy experiences a "strong and sustainable" recovery. ...taxes on labor are relatively high. In Poland, for example, taxes on labor make up 42.9% of total labor costs, including wages, for a single worker without children. That is less than Germany (52%), but a lot more than Ireland (24.5%). The report also attacks rigid labor regulations in the four countries that make it difficult to fire staff and therefore make companies reluctant to hire. These rules and tax burdens may not be much different from those in many established EU countries, the report said, but with an unemployment rate of 19.6% in 2003, Poland, for example, cannot afford them. [Link to full article below:]

May 12, 2004, The Wall Street Journal, By Marc Champion, New EU States Are Urged to Cut Taxes
http://online.wsj.com/article/0,,SB108427574370407954-search,00.html?collection=autowire% (subscription required)

Thursday, May 13, 2004, The Market Center Blog, OECD economists call for lower tax rates and labor market deregulation.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#131

 

11) Wall Street Journal defends East European nations from tax harmonization threat.

The European edition of the Wall Street Journal vigorously defends low-tax jurisdictions in Eastern Europe, arguing that their pro-growth policies should not be undermined by Western Europe's welfare states. Most interesting, the Journal points out that the low-rate corporate tax systems actually raise about the same amount of money as the high-rate systems in places like Germany.

[Excerpt from Wall Street Journal:]

In 2002, corporate and personal income taxes collected in Germany equaled 10.1% of GDP, according to the OECD. In Poland, the figure was 9.9%; in Hungary, 10%; and in the Czech Republic the number was 9.7% of GDP. So even if some of the so-called tax-dumpers among the accession countries have lower rates, there's not much evidence that they collect significantly less in revenue as a result. Indeed, Germany's corporate tax burden as a percentage of GDP, at 1.3%, is one of the lowest in Europe, and far lower than low-tax Ireland's 3.4%, despite Ireland's 12.5% corporate-tax rate. Maybe Germany should try lowering it's rate to 12.5%; it might collect more revenue that way. All of which is to say, this brouhaha over "tax dumping" and "excessively" low tax rates is not about the amounts collected at all, whatever Mr. Schroeder says. It is a thinly disguised attempt by the countries in Europe with the highest costs of doing business to raise their competitors' costs commensurately, and so defuse the competitive threat. Luckily for Central and Eastern Europe, tax policy remains a national issue, and the EU requires unanimity to impose measures such as minimum tax rates. The EU's new members should stick to their guns -- and their low, flat tax rates. Germans, rather than griping, should start studying their neighbors. They might learn something about taxes and economic growth. [Link to full article below:]

April 28, 2004, The Wall Street Journal, Review and Outlook: Taxing Credulity
http://online.wsj.com/article/0,,SB108310507067895222,00.html?mod=opinion   (subscription required)

April 28, 2004, The Market Center Blog, Wall Street Journal defends East European nations from tax harmonization threat.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#283

 

12) Senator Allen fights to keep Internet free from government intervention.

Revenue- hungry politicians - primarily at the state and local level - see the Internet as a potential gold mine of new tax revenue. Yet the lack of taxes and regulation is a key reason why the Internet has prospered.

[Excerpt of  Senator George Allen's column in the Wall Street Journal:]

By giving more people access to knowledge and information, the personal computer and the Internet have empowered tens of millions of Americans as consumers and entrepreneurs, and as citizens in our free society. The content on the Internet and access to it have exploded primarily because government regulators and taxers have stayed out of the way. While governments are, by nature, drawn to take "their share" of any successful private venture, for the Internet to keep growing and for our citizens to keep benefiting from it, government must fight its instinct to meddle and to burden creativity. That's why Congress passed a law in 1998 temporarily banning taxes on Internet access. In November of 2003, the temporary moratorium on Internet-access taxes expired, and this week the Senate will face this issue once again. Once again, the answer is clear. We must keep access to the Internet tax-free. [Link to full article below:]

April 28, 2004; The Wall Street Journal, By George Allen, The World Wide (Tax) Web
http://online.wsj.com/article/0,,SB108311007430995505,00.html?mod=opinion   (subscription required)

April 29, 2004, The Market Center Blog, Senator Allen fights to keep Internt free from government intervention.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#293

 

13) Happy Anniversary to the woman who saved Britain

The Wall Street Journal pays tribute to the Margaret Thatcher, 25 years after she became Prime Minister. Like Ronald Reagan, Margaret Thatcher deserves credit for single-handedly turning around a nation. Sadly, many of today's Republicans and Tories are only pale imitations of these great leaders.

[Excerpt from the Wall Street Journal:]

Inheriting a Britain with high unemployment, militant unions and rampant inflation, Lady Thatcher abandoned the socialism of past governments -- asserting that "to cure the British disease with socialism was like trying to cure leukemia with leeches." She instead introduced free market reforms -- cutting taxes, privatizing state-owned enterprises and defeating overly powerful labor unions. Famously euroskeptic -- a stance linked to her abhorrence of socialism and bureaucracy -- she warned, "We have not successfully rolled back the frontiers of the state in Britain only to see them reimposed at a European level, with a European superstate exercising a new dominance." ...Finally, to politicians who base policy on public opinion rather than principle: "If you just set out to be liked, you would be prepared to compromise on anything at any time, and you would achieve nothing." But perhaps her best-remembered phrase was her challenge to critics at a party conference, who wondered whether she should back off from her aggressive economic-policy proposals: "You turn if you want to. The lady's not for turning." Consensus politicians, take note.

May 6, 2004, The Wall Street Journal, Review and Outlook: Maggie Moments
http://online.wsj.com/article/0,,SB108379393841503137,00.html?mod=opinion   (subscription required)

May 6, 2004, The Market Center Blog, Happy Anniversary to the woman who saved Britain.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#069

May 15, 2004, The Market Center Blog, Another well-deserved tribute for Margaret Thatcher.
http://www.townhall.com/columnists/brucebartlett/bb20040513.shtml

 

14) Treasury Secretary John Snow makes the right point

Testifying before Congress, Treasury Secretary John Snow correctly stated that companies have an obligation to protect the interests of shareholders. This is a welcome development, particularly since the White House had tried to muzzle the Chairman of the Council of Economic Advisers for defending outsourcing several months ago. But Senator Shelby of Alabama was also correct to note that policy makers should fix the bad features of the tax system - such as the high corporate rate - that make US companies less competitive.

[Excerpt from Bureau of National Affairs:]

Treasury Secretary John Snow dismissed lawmakers' calls for the Bush administration to take a policy stance against firms that outsource workers overseas during an April 20 Senate hearing. "The management of American companies have a fiduciary duty to pursue the best interests of their owners. And that means pursuing the best ways to stay profitable and competitive and, in fact, they're required by law to serve the interests of their investors," Snow told the Senate Appropriations Treasury Subcommittee. ...Shelby said the Bush administration should be more concerned about fixing tax policies that encourage companies to send work overseas. [Link to full article below:]

April 21, 2004, Bureau of National Affairs, By Brett Ferguson, Treasury's Snow Deflects Congress' Calls For Policies to Counter Overseas Outsourcing
http://pubs.bna.com/ip/BNA/der.nsf/is/a0a8k3h3a9   (subscription required)

April 22, 2004, The Market Center Blog, Treasury Secretary Snow makes the right point.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#223

May 4, 2004, Denver Post, Offshore money machine
http://www.denverpost.com/Stories/0,1413,36~33~2125040,00.html

 

15) Richard W. Rahn: Incompetence or sabotage?

Richard Rahn has a hard hitting piece on many of the policy concerns many have with the Bush Administration. Below we highlight below the Oracle case and the IRS's misguided interest reporting regulation.

[Excerpt]

The Justice Department, which deserves an F in antitrust economics, has made another mistake. It doesn't understand there is no monopoly in business applications' software — the "Oracle" case — and therefore damages the economy by discouraging investment and undermining the stock market.

The Treasury Department has made the administration look foolish by failing to withdraw proposed Clinton-era "interest-reporting regulations." These rules are designed to force U.S. financial institutions to incur the cost of helping French socialists collect taxes on their own citizens' earnings in the U.S. Every study of the issue, including a new one by Jay Cochran of George Mason University's Mercatus Center, shows these rules will likely drive $87 billion out of the U.S., cause many job losses and provide virtually no U.S. benefits.

Treasury Secretary John Snow reportedly has told some members of Congress, who are justifiably outraged at the proposal and believe has no legal basis, that he intends to withdraw it. Yet, he has not acted, and some on his staff say "no decision has been made." This, despite the fact that when the president took office both his National Economic Council chief and the chairman of the Council of Economic Advisers said the proposed rules were destructive and should be withdrawn. [Link to full article below]

April 30, 2004, The Washington Times, By Richard W. Rahn, Incompetence or sabotage?
http://www.washingtontimes.com/commentary/20040429-085648-2701r.htm

 

16) Supply-side tax cuts work, Keynesian handouts bomb

The Center has highlighted before the fact that not all tax cuts are created equal. Lower tax rates help the economy, whereas tax rebates have no positive effect. Moreover, tax cuts in the future - even the right kind - do not help the economy today. Columnist Bruce Bartlett has an excellent explanation of this principle in a recent Townhall.com column.

[Excerpt from Bruce's column below:]

Said Laffer, "Common sense tells us that people don't shop at a store the week before the store has a widely advertised discount sale. Prospects of lower tax rates in future years created incentives for individuals and businesses to reduce their income during 1981 and 1982 when tax rates were high, in order to realize that income in 1983 and 1984 when tax rates would be lower." Sure enough, there was a huge increase in growth in 1983. Real GDP jumped from minus 1.9 percent in 1982 to plus 4.5 percent in 1983 and 7.2 percent in 1984. While other factors obviously played a role, the phasing-in of the Reagan tax cut undoubtedly delayed its impact. Putting these factors together, we see that the 2001 tax cut was poorly designed to stimulate growth in the short run. Average tax rates were reduced by increasing the child credit and sending out tax rebates, while marginal rates were largely unchanged. The main marginal rate reductions were phased-in, with many still not having taken effect.  Economic theory says that this should cause growth to fall. A new study from economists Christopher House and Matthew Shapiro, both of the University of Michigan, confirms this theoretical prediction.  "The immediate effect of the 2001 phased-in tax cuts," they found, "was to reduce output and employment." GDP in 2002 was 0.4 percent less than what could have been achieved with a smaller but more immediate tax cut. Messrs. House and Shapiro also look at the 2003 tax cut and find that it was much more effective precisely because more of it took effect immediately. "Just as the phased-in nature of the 2001 tax law may have delayed production and employment, the immediate tax relief included in the 2003 law may have contributed towards the increased pace of economic activity in the second half of 2003," they conclude. [Link to full column below:]

May 3, 2004, Townhall.com, by, Bruce Bartlett, Get on with the tax cuts
http://www.townhall.com/columnists/brucebartlett/bb20040503.shtml

May 3, 2004, The Market Center Blog, Supply-side tax cuts work, Keynesian handouts bomb.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#032

 

17) Washington Post columnist condemns Kerry tax plan, calls for tax reform.

Robert Samuelson correctly notes that John Kerry's give-with-one-hand, take-away-with-the-other-hand proposal will make the tax code more complicated and hurt US competitiveness. But he does give Kerry credit for drawing attention to the corporate income tax, the most punitive part of the internal revenue code.

[Excerpt from Samuelson's column:]

What Kerry proposes is lowering the U.S. corporate tax rate from 35 percent to 33.25 percent -- and limiting the ability of U.S. multinationals to defer taxes on future foreign profits. The idea is to discourage U.S. companies from moving operations to countries with lower corporate tax rates. But the practical effect would be to put U.S. multinationals at a disadvantage against many foreign multinational firms, whose taxes would be lower. A study by the Institute for International Economics, a think tank, suggests that the Kerry proposal would inspire massive efforts at evasion or cutbacks in U.S. operations abroad -- which, if Slaughter is correct, could hurt U.S. job growth. The plan's basic defect is that it barely lowers the cost of operating in the United States; it mainly increases the cost of operating elsewhere. American companies might do less abroad without doing much more at home. But Kerry is on to something. The corporate tax is a monstrosity. It promotes widespread tax avoidance, raises a diminishing share of governmental revenue and discourages efficiency. It's an exercise in cynicism and waste that the next president ought to overhaul. [Link to full column below:]

April 28, 2004, Washington Post, by Robert J. Samuelson, Keeping U.S. Jobs at Home
http://www.washingtonpost.com/wp-dyn/articles/A47944-2004Apr27.html

April 28, 2004, The Market Center Blog, Washington Post columnist condemns Kerry tax plan, calls for tax reform.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#284

 

18) Additional EU and EU STD Blogs and News Clips:

May 16, 2004, The Market Center Blog, More details on the Franco-Prussian tax axis.
http://pubs.bna.com/ip/BNA/der.nsf/is/a0a8r9f0f3 (subscription required)

May 14, 2004, The Market Center Blog, The Franco-Prussian axis issues hollow threat against England.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#144

May 14, 2004, The Market Center Blog, The Franco-Prusssian alliance for higher taxes.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#143

May 13, 2004, The Market Center Blog, The savings tax cartel death watch, ad nauseum.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#135

May 13, 2004, The Market Center Blog, Wall Street Journal comments on European stagnation, compliments OECD for finally realizing that lower tax rates are good.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#134

May 12, 2004, The Market Center Blog, More good news on the savings tax cartel.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#126

May 11, 2004, The Market Center Blog, French intransigence threatens trade liberalization.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#114

May 11, 2004, The Market Center Blog, The EU wants to treat the symptom rather than the disease.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#113

May 11, 2004, The Market Center Blog, The US isn't always right and the EU isn't always wrong.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#112

May 11, 2004, The Market Center Blog, More economic stupidity from Germany.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#111

May 11, 2004, The Market Center Blog, EU savings tax directive death watch.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#115

May 10, 2004, EU Business, EU eyes summit deal in long-fought Swiss tax row
http://www.eubusiness.com/afp/040510151112.jfuyn4mu

May 10, 2004, The Market Center Blog, The continuing slow death of the EU savings tax directive.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#104

May 10, 2004, The Market Center Blog, Tony Blair does the right thing, though perhaps for the wrong reason.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#103

May 9, 2004, The Market Center Blog, Europe's tradition: Feudalism/socialism.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#091

May 7, 2004, The Market Center Blog, Low tax rates boost European growth, not EU transfers.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#074

May 7, 2004, The Market Center Blog, European elites content with stagnation.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#073

May 6, 2004, The Market Center Blog, Do you believe in miracles?
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#067

May 6, 2004, The Market Center Blog, Swedish government resists democracy.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#064

May 5, 2004, The Market Center Blog, Bureaucrats in Brussels undermine EU's original mission.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#052

May 4, 2004, The Market Center Blog, Deficits are a symptom, spending is the disease.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#045

May 4, 2004, The Market Center Blog, Swiss wisely reject joining EU's socialist super-state.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#042

May 4, 2004, The Market Center Blog, Germans want to ignore democratic process.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#041

May 3, 2004, The Market Center Blog, More saber-rattling against democracy in Europe.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#033

May 2, 2004, Swissinfo, Switzerland faces ambiguous role in enlarged EU
http://www.swissinfo.org/sen/swissinfo.html?siteSect=111&sid=4901117

May 2, 2004 , The Market Center Blog, Europe's slow death.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#023

April 30, 2004, The Market Center Blog, A journey of a million miles begins with a small first step.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#304

April 30, 2004, The Economist, A May Day milestone: After years of often tortuous preparations, the European Union is expanding from 15 countries to 25. The new entrants should catch up with its founder members eventually. But they might not want to emulate them too closely
http://www.economist.com/agenda/displayStory.cfm?story_id=2628203

April 28, 2004, EUbusiness.com, Economic summit warns of public fear of EU enlargement
http://www.eubusiness.com/afp/040428155940.wdj87231

April 27, 2004, The Market Center Blog, President of Czech Republic blasts EU.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#275

April 27, 2004, The Market Center Blog, Even biased studies confirm that Europe is falling farther behind the United States.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#273

April 27, 2004, The Market Center Blog, Vote for the EU Constitution....or else!
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#272

April 27, 2004, Swissinfo, by Joanne Shields, Swiss business stands to gain from EU enlargement
http://www.swissinfo.org/sen/swissinfo.html?siteSect=111&sid=4896045

April 26, 2004, The Market Center Blog, More evidence of Sweden's collapse.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#263

April 26, 2004, The Market Center Blog, German Chancellor seeks EU "lebensraum."
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#262

April 25, 2004, The Market Center Blog, Politicians uber alles in Germany.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#252

April 24, 2004, The Market Center Blog, Why not copy Ireland?
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#241

April 23, 2004, The Market Center Blog, Treasury officials have difficult task - teaching Europeans that lower tax rates are good for growth.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#237

April 23, 2004, The Market Center Blog, The EU needs less government, not another "high-level group."
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#235

April 23, 2004, The Market Center Blog, French politicians backtrack on referendum promise.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#233

April 23, 2004, The Market Center Blog, The Economist slams European constitution.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#231

April 23, 2004, The Taipei Times, Swiss starting to feel that Europe is ignoring them: As the European Union expands, many in Switzerland are reconsidering their country's lengthy, self-imposed isolation
http://www.taipeitimes.com/News/edit/archives/2004/04/23/2003137777

April 22, 2004, The Economist, The voters' charter: Why Tony Blair is right to propose a national referendum on the draft EU constitution
http://www.economist.com/opinion/displayStory.cfm?story_id=2610999

April 22, 2004, Cato Institute, by Marian L. Tupy, Mitteleuropa: German Threat Resurgent
http://www.cato.org/dailys/04-22-04.html

April 22, 2004, The Market Center Blog, German politicians have no clue.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#22-10

April 22, 2004, The Market Center Blog, Will Europeans voluntarily become serfs?
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#228

April 22, 2004, The Market Center Blog, EU Commissioner calls for cost-benefit regulatory analysis.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#226

April 22, 2004, The Market Center Blog, Europe's protectionism robs from the poor to subsidize the rich.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#224

April 21, 2004, The Market Center Blog, The Swedish nightmare.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#218

April 21, 2004, The Independent, By Andrew Grice, 'Let the people have the final say. Let the issue be put. Let the battle be joined': Tony Blair, The House of Commons, Yesterday
http://news.independent.co.uk/uk/politics/story.jsp?story=513639

April 21, 2004, Tax-News.com, by Ulrika Lomas, European Commission Orders Germany To Scrap 'Exit Tax' Rules
http://www.tax-news.com/asp/story/story.asp?storyname=15759

April 20, 2004, EUpolitix.com, Swiss still stalling on EU tax law
http://www.eupolitix.com/EN/News/200404/0ebdebf8-935c-4137-9191-7c5a36d1032a.htm

 

19) Additional Tax Competition Blogs and News Clips

May 10, 2004, The Market Center Blog, More progress from Italy.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#102

May 8, 2004, The Market Center Blog, State sales tax cartel will hurt small business and create red tape.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#081

May 7, 2004, The Market Center Blog, Bermuda should be emulated rather than castigated.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#075

May 7, 2004, The Market Center Blog, Economists can learn!
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#071

May 6, 2004, The Market Center Blog, Senate fiddles while Rome burns.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#065

May 5, 2004, The Market Center Blog, Law of the Sea Treaty: Bad for sovereignty, bad for US competitiveness.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#051

May 4, 2004, The Market Center Blog, Independent study says IRS regulation will drive $87 billion out of U.S. banks.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#046

May 4, 2004, Bloomberg, Monaco Seeks Soccer Title as Tax Breaks Upset Rivals
http://quote.bloomberg.com/apps/news?pid=10000085&sid=aMcDsZgBJLWM&refer=europ e

May 4, 2004, The Market Center Blog, Irish leader defends tax competition, stiff-arms France and Germany.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#044

May 2, 2004, The Market Center Blog, German Chancellor whines about tax competition.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#021

April 30, 2004, The Market Center Blog, Tax competition promotes economic liberalization in Europe.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#302

April 29, 2004, The Market Center Blog, Competition may save Western Europe by forcing reform.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#291

April 29. 2004, The Royal Gazette, Scott on US charm offensive
http://www.theroyalgazette.com/apps/pbcs.dll/article?AID=/20040429/NEWS/104290053

April 28, 2004, Bloomberg.com, EU Enlargement May Lead to More Tax Competition, Study Shows
http://quote.bloomberg.com/apps/news?pid=10000085&sid=aqCTY8MHk_T0&refer=europe

April 26, 2004, Tech Central Station, By Jeremy Slater, Belgian Brew-ha-ha
http://www.techcentralstation.com/042604D.html

April 23, 2004, The Market Center Blog, AEI expert and former Polish Minister says tax competition could save Old Europe.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#232

April 22, 2004, The Market Center Blog, Treasury Department official praises tax competition, call for reform of outmoded US tax rules.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#22-11

 

20) Additional Taxation Blogs and News Clips:

May 13, 2004, The Market Center Blog, Kerry's wife scams the tax code.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#133

May 12, 2004, The Market Center Blog, Washington Post columnist blasts tax code complexity.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#129

May 7, 2004, The Market Center Blog, Does the flat tax cause prisoner abuse?
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#072

May 5, 2004, The Market Center Blog, Reduction in double-tax on dividends yields big benefits.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#053

May 4, 2004, The Market Center Blog, More news about America's leading offshore profiteer.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#043

May 2, 2004, The Market Center Blog, The case for supply-side tax cuts.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#022

April 30, 2004, Cato Institute, by Alan Reynolds, How to Slash Your Tax Bills
http://www.cato.org/dailys/04-30-04.html

April 28, 2004, The Market Center Blog, State politicians seek to undermine Constitutional protections against taxation of interstate commerce.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#281

April 27, 2004, The Market Center Blog, More success for Russia's flat tax.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#271

April 26, 2004, The Market Center Blog, Higher tax rates lead to more tax evasion and less revenue.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#264

April 25, 2004, SiliconValley.com, By Jim Puzzanghera and Mark Schwanhausser, Congress weighs tax `holiday' for firms' foreign cash: Tech companies hold billions overseas, could boost economy
http://www.siliconvalley.com/mld/siliconvalley/8516171.htm

April 23, 2004, The Market Center Blog, The hidden cost of high tax rates.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#236

April 22, 2004, The Market Center Blog, Treasury Secretary Snow makes the wrong point.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#222

April 22, 2004, American Daily, by Andy Obermann, Real Problem With The Tax System
http://www.americandaily.com/item/5451

April 20, 2004, The Washington Post, Letter to the Editor from U.S. Treasury John Snow, Misleading Statistics on IRS Audits
http://www.washingtonpost.com/wp-dyn/articles/A25819-2004Apr19.html

 

21) Additional Free Market Blogs and News Clips

May 14, 2004, The Market Center Blog, Bush's bold agenda.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#142

May 12, 2004, The Market Center Blog, Competition boosts public school performance.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#124

May 12, 2004, The Market Center Blog, Cato Institute experts slams Hillary's latest health care gambit.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#123

May 4, 2004, The Market Center Blog, More Republican big government appeasement.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#049

May 4, 2004, The Market Center Blog, Oracle and consumers under attack from the Justice Department.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#048

May 4, 2004, The Market Center Blog, Tom Sowell identifies the real health care problem.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#047

May 3, 2004, The Market Center Blog, USA Today editorializes for free market aviation.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#031

April 30, 2004, The Market Center Blog, Canada's assault on freedom.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#303

April 27, 2004, The Market Center Blog, California State Treasurer puts his own political ambition above retirement security for state employees.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#277

April 27, 2004, The Market Center Blog, The high cost of "free" health care.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#276

April 21, 2004, The Market Center Blog, Fannie Mae uses threats to protect its ability to loot taxpayers.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#216

April 7, 2004, The Washington Times, By Horace Cooper, Outside View: Chance or luxury tax?
http://www.washtimes.com/upi-breaking/20040406-053706-5793r.htm

 

22) Additional Tax Harmonization Blogs and News Clips:

May 14, 2004, The Market Center Blog, London infighting as Foreign Office objects to assault on UK territories.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#141

May 12, 2004, The Market Center Blog, French tax amnesty destined to fail.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#128

May 12, 2004, The Market Center Blog, Even the "conservative" German opposition is economically illiterate.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#127

May 6, 2004, The Market Center Blog, Germany's self-imposed economic problems.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#06-11

May 6, 2004, The Market Center Blog, Turning New Jersey into France.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#06-10

May 6, 2004, The Market Center Blog, Left-wing rants about tax havens.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#066

May 6, 2004, The Market Center Blog, More economic illiteracy from the French.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#062

May 3, 2004, The Market Center Blog, Former Estonian Prime Minister rejects German/Swedish fiscal imperialism.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#034

April 28, 2004, The Market Center Blog, The German collapse.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#282

April 22, 2004, The Market Center Blog, Australia needs real tax reform.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#229

April 22, 2004, The Market Center Blog, The Soviet mentality still lives in Russia.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#225

 

23) Additional UN, OECD and Other Multinational Groups Blogs and News Clips

April 29, 2004, The Market Center Blog, UN corruption: pervasive and dangerous.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#294

April 29, 2004, The Market Center Blog, World Bank tries to keep Montenegro poor.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#292

April 22, 2004, The Market Center Blog, Another international bureaucracy promotes additional government intervention.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#221

April 21, 2004, The Market Center Blog, More evidence of UN corruption.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#219

 

24) Additional Big Government Blogs and News Clips

May 13, 2004, The Market Center Blog, Another example of how left-wing policies promote poverty.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#132

May 10, 2004, The Market Center Blog, How the US economy was rescued from "Soft America."
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#101

May 6, 2004, The Market Center Blog, The unintended - and seemingly always negative - consequences of federal education subsidies.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#06-12

May 6, 2004, The Market Center Blog, Bush White House gets appropriate reward - a slap in the face - for supporting left-wing Republican in Pennsylvania primary.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#061

May 1, 2004, The Market Center Blog, Big government and big business try to steal private property in Florida.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#011

April 24, 2004, The Market Center Blog, The hidden cost of government-run health care.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#242

 

25) CF&P Blogs and Clips

May 12, 2004, The Market Center Blog, Gun control is a political dud.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#121

May 12, 2004, The Market Center Blog, Added evidence of "onshore" money laundering.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#125

May 10, 2004, The Washington Times, By Richard W. Rahn, Reality denial
http://www.washingtontimes.com/commentary/20040509-103932-5012r.htm

May 6, 2004, The Market Center Blog, More common sense from Tom Sowell.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#063

May 6, 2004, Tax-News.com, by Mike Godfrey, Panama Welcomes New President
http://www.tax-news.com/asp/story/story.asp?storyname=15915

May 4, 2004, The Market Center Blog, Wall Street Journal says national ID cards won't stop terrorism.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#04-10

May 4, 2004, International Herald Tribune, by Elizabeth Olson, U.S. expats try to make themselves counted
http://www.iht.com/articles/518138.html

May 5, 2004, Tax-News.com, by Leroy Baker, WTO Set To Uphold Antigua & Barbuda's Complaint Against US Net Gambling Ban
http://www.tax-news.com/asp/story/story.asp?storyname=15904

May 1, 2004, The Market Center Blog, The left-wing assault on black America.
http://www.freedomandprosperity.org/blog/2004-05/2004-05.shtml#012

April 30, 2004, The Market Center Blog, Three cheers for WTO ruling against US cotton subsidies.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#301

April 30, 2004, LawAndTax-News.com, by Robin Pilgrim, Many UK Businesses Unaware Of Implications Of Money Laundering Regulations
http://www.tax-news.com/asp/story/story.asp?storyname=15866

April 2004, ReasonOnline, by William L. Anderson and Candice E. Jackson, Washington's Biggest Crime Problem: The federal government's ever-expanding criminal code is an affront to justice and the Constitution.
http://www.reason.com/0404/fe.wa.washingtons.shtml

April 29, 2004, The Royal Gazette, By Stephen Breen, Scott on US charm offensive
http://www.theroyalgazette.com/apps/pbcs.dll/article?AID=/20040429/NEWS/104290053

April 28, 2004, The Royal Gazette, By Mairi Mallon, 'We will be giving a very positive message'
http://www.theroyalgazette.com/apps/pbcs.dll/article?AID=/20040428/BUSINESS/104280052

April 28, 2004, Cato Institute, by Gene Healy, Can the President Imprison Anyone, Forever?
http://www.cato.org/dailys/04-28-04.html

April 26, 2004, The Market Center Blog, Mexican case shows dangers of government-to-government information sharing.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#261

April 25, 2004, The Market Center Blog, A long way to go in California.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#251

April 23, 2004, The Market Center Blog, Three cheers for free speech.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#234

April 22, 2004, Reuters, Forbes.com, Foreign central banks still buying U.S. debt - Fed
http://www.forbes.com/markets/newswire/2004/04/22/rtr1343613.html

April 22, 2004, The Market Center Blog, Politicians steal private property.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#227

April 21, 2004, The Market Center Blog, Insight on race, profiling, and discrimination.
http://www.freedomandprosperity.org/blog/2004-04/2004-04.shtml#217

April 19, 2004, CNET News.com, By Declan McCullagh. Shhh! The FBI's listening to your keystrokes
http://news.com.com/2010-1028-5193750.html?tag=nefd.acpro

 

Best regards,

Andrew Quinlan
Center for Freedom and Prosperity
President
202-285-0244
quinlan@freedomandprosperity.org
www.freedomandprosperity.org

__________________________

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