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Center for Freedom and Prosperity's E-mail Update 1) Speakers Announced for CF&P's June 2nd Berlin Tax Competition Conference 3) The Mouse that Roared: Liechtenstein Holds Up Implementation of EU STD 4) More bad news for the EU savings tax cartel 5) German Chancellor Gerhard Schröder's Economic Illiteracy 6) Even the business community in Europe is brain-dead 7) Bureaucratic Hell in Belgium 8) Tax Analysts Exclusive Conversation with Dan Mitchell on Taxation and Economic Growth 9) The High Cost of Government Regulation 10) FSC/ETI: A Missed Opportunity? 11) Tax Competition Between States Leads to Significant National Migration 12) Gordon Brown's socialist crusade hurts England 13) A defeat for the Constitution 14) Additional blogs and news clips on the EU savings tax directive 15) Additional European Union blogs and news clips 16) Additional big government blogs and news clips 17) Additional tax competition/harmonization blogs and news clips
1) Speakers Announced for CF&P's June 2nd Berlin Tax Competition Conference The Center for Freedom and Prosperity will be co-hosting a Berlin Tax Competition Conference on June 2, 2004. The event is free and open to the public. The Conference brings together leading international tax experts from the United States, Germany, Belgium and Slovakia to discuss how best to preserve tax competition, financial privacy, and fiscal sovereignty. An OECD representative has been invited to participate in the event. The Conference will 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 EU and OECD tax harmonization schemes. The Conference deliberately precedes the OECD's Global Forum on International Tax Policy that starts the next day. The Conference is designed to exchange views with European audiences about tax competition issues -- particularly the implications and desirability of corporate tax rate harmonization, the EU savings tax directive, tax reform in Eastern Europe, and voting rules for tax policy in the EU Constitution. The conference also will discuss the OECD's persecution of low-tax jurisdictions and give non-OECD policy makers useful information as they prepare to meet with the OECD. List of Speakers: Dr. Charles B. Blankart (Humboldt University, Berlin ); Dr. Alfred Boss (Institute of World Economy, Kiel); Mr. Martin Chren (Hayek Foundation, Slovakia ); Dr. Detmar Doering (Friedrich Naumann Stiftung); Dr. Karen Horn (Frankfurter Allgemeine Zeitung); Dr. Daniel J. Mitchell (The Heritage Foundation ); Mr. Andrew F. Quinlan (Center for Freedom and Prosperity); Dr. Richard W. Rahn (The Discovery Institute); Dr. Gerhard Schick (Stiftung Marktwirtschaft); and Mr. Mark A. A. Warner (Stanbrook & Hooper, Brussels). Link to full release on conference speakers: May 21, 2004, Tax-News.com, by Ulrika Lomas, European Tax Issues On The Agenda At Berlin Tax Conference
2) Chairman Oxley and 13 House Financial Services Committee Members Ask for Immediate Withdrawal of "Arbitrary and Discriminatory" IRS Interest Reporting Regulation House Financial Services Committee Chairman Michael Oxley is the lead signer on a bipartisan letter sent to Treasury Secretary John Snow in opposition to the Internal Revenue Services' Interest Reporting Regulation. [Excerpts from Financial Services Committee letter:] The Internal Revenue Service has proposed a regulation that would require U.S. depository institutions to report interest paid to non-resident alien depositors who reside in 16 specific countries (REG 133254-02). In its original form, this regulation included depositors from Latin American countries. However, the Treasury Department took a good first step when it decided to exempt depositors from Latin American countries after it was learned that 'depository institutions in both Florida and Texas could face the loss of a massive number of deposits. We write to urge you today to take the next step and Withdraw this proposed rule altogether. We believe that, as drafted, this proposed regulation is arbitrary and discriminatory to investors from those countries that it targets. Moreover, it imposes an unnecessary regulatory burden on U.S. institutions and may drive investment out of our country without having any beneficial impact on U.S. tax policy or tax collection. The United States should be fostering a climate that encourages investment, not one that punishes it. Financial Services Committee IRS Interest Reporting Regulation letter:
3) The Mouse that Roared: Liechtenstein Holds Up Implementation of EU Savings Tax Directive In 1959, Peter Sellers starred in a comedy about a tiny nation that believes it can get rich from foreign aid by losing a war to the United States. The twist to the movie ("The Mouse that Roared") is that the tiny invading army accidentally gets possession of a "Doomsday Bomb" and the US has to surrender - thus ruining the plan. Today, there is a new mouse roaring. Liechtenstein is refusing to surrender to the European Union, creating the possibility that the proposed savings tax cartel will collapse. The EUPolitix story also notes that the EU is excusing the US from any obligation to participate and that the bureaucrats are willing to move forward on the assumption that Switzerland will eventually comply with the misguided agreement: [Excerpt from EUPolitix:] An EU law cracking down on untaxed expat savings is being held up by other countries refusing to come on board, an EU official has told EUPolitix.com. ...it can only come into force if five other territories, Switzerland, San Marino, Lichtenstein, Andorra and Monaco, agree to similar rules by the end of June. An official present at a closed meeting of EU ambassadors on Wednesday told this website that Lichtenstein is now refusing to co-operate. "There are no real signs for optimism", he said. ...On the positive side, fears that the law could be held up by Switzerland's slow legal procedure may have been unfounded. But EU ministers are likely to accept a "letter of confirmation" that the law will be ratified to get around the problem, the official said, although if the issue goes to a referendum it may not be possible to guarantee a positive outcome in Switzerland. [Link to full story below:] May 26, 2004, EUPolitix.com, Further setbacks for EU savings tax law Thursday, May 27, 2004, The Market Center Blog, The Mouse that Roared.
4) More bad news for the EU savings tax cartel It appears that the European Union's loophole-ridden savings tax directive won't go into effect for at least one more year. Bloomberg and the Bureau of National Affairs are reporting that the January 1, 2005, deadline is unrealistic: [Excerpt from Bloomberg News] Switzerland won't meet the European Union's Jan. 1 deadline for imposing a tax on foreign bank accounts, raising the risk of a further delay to the EU's crackdown on tax evasion. ``It won't be possible to be ready definitively on Jan. 1, but we think it will be possible to find arrangements that enable the European Union to respect these timetables,'' Swiss President Joseph Deiss said at a Brussels press conference with European Commission President Romano Prodi. [Link to full article below] [Excerpt from Bureau of National Affairs] Swiss President Joseph Deiss said that, while Switzerland has no intention of becoming an EU member in the near future, it "very much supports" the major European project. He said the Swiss government would do everything in its power to make sure the agreements are ratified by the end of May, so that they can be presented to the Swiss Parliament by year's end. Deiss said he was encouraged by banks' positive response so far to the tax accord but noted that a referendum, which is out of the government's hands, could stall final ratification. Even if Switzerland is unable to ratify the deal by January, Deiss said he remains optimistic it will still be possible for the European Union to tax EU savings abroad starting then. [Link to full article below] May 19, 2004, Bloomberg, Switzerland to Miss Jan. 1 Deadline for EU Tax Plan May 20, 2004, Bureau of National Affairs, EU, Switzerland Finalize Agreements, Including Cross-Border Savings Tax Pact Thursday, May 20, 2004, The Market Center Blog, More bad news for the EU savings tax cartel.
5) German Chancellor Gerhard Schröder's Economic Illiteracy Kevin Hassett of the American Enterprise Institute pulls no punches, stating that German Chancellor Gerhard Schroeder is "economically illiterate" for supporting tax harmonization. Hassett correctly notes that harmonization might stop jobs and capital from leaving Germany for places like Estonia and Slovakia, but it would accelerate the shift of money to non-EU jurisdictions - much as will happen if the EU's infamous savings tax directive is ever implemented. [Excerpt:] German Chancellor Gerhard Schröder's bid to stop new member states charging attractively low rates of corporate tax could damage the EU's wealth, a leading American tax expert has warned. Kevin Hassett, the director of economic policy of the American Enterprise Institute, a Washington think-tank, said the US "envies" the EU system which currently allows countries to compete for investment by setting their own corporate tax levels. But he told European Voice that listening to Schröder and getting rid of tax competition in the Union would wipe out one of its advantages at a stroke - and would rob new member states of any chance of competing by attracting capital away from the EU's economic powerhouses. At the same time, it would help to drive capital away from the continent, towards more receptive regions such as Malaysia, Singapore, Taiwan or China. "Schröder's idea is about as bad as any other idea I have seen from that government," said the former Federal Reserve Bank economist. "It is economically illiterate. [Link to full article below:] April 30, 2004, American Enterprise Institute, By Peter Chapman, Schröder tax plan dubbed 'economically illiterate' Tuesday, May 25, 2004, The Market Center Blog, Schroeder's economic illiteracy.
6) Even the business community in Europe is brain-dead In a May 26th entry on CF&P's Market Center Blog, Dan Mitchell writes that in yet another article about Europe's failure to compete with the United States, EU bureaucrats state that Europe's economic problems can only be solved if government gets even bigger. This is akin to arguing that you should try to lose weight by gorging on donuts and cheeseburgers all day. But what is really amazing about this story in the EU Observer is that a representative of the business community also claimed that more spending was needed to boost growth! These people must be smoking crack. [Excerpt from EU Observer article:] Commission President Romano Prodi on Tuesday (25 May) called for a "radical change" in EU economic policy if it is to succeed in its ambitious goal to overhaul the US and become the "most competitive economy in the world by 2010" - its so-called Lisbon strategy. ...Echoing his sentiments, competition commissioner Mario Monti asked, "how can we seriously try to become the most competitive economy in the world if we do not put our money where our mouths are"? ...Giacomo Regaldo, representing businesses and employers, said that "the budgeters do not have the confidence of the business world or of consumers". He called into question the spending proposed by the European Commission for the EU budgetary period 2007-2013, asking whether it was sufficient to boost slow growth in Europe....The beleaguered Lisbon strategy was established in 2000 - at the height of the dot-com boom - but by common consent among politicians, economists, business leaders and trades unions, has been little short of a total failure. Growth rates in the US have consistently outstripped those in Europe and the EU falls behind America on almost every measure of competitiveness. [Link to full article below:] May 25, 2004, EU Observer, By Richard Carter, Prodi: 'radical change' needed for EU to catch US Wednesday, May 26, 2004, The Market Center Blog, Even the business community in Europe is brain-dead.
7) Bureaucratic Hell in Belgium The Wall Street Journal reports on the smothering level of red tape in Europe. Belgium probably has the most inane regulations, which may explain why it was selected as the home of the European Commission: [Excerpt from the Wall Street Journal] Bureaucracy is a chronic European disease, visible in countless ways from the three months it takes to start a business in Italy to the half-dozen forms needed to change an address in France. Simplifying procedures and getting rid of redundant laws could increase productivity and thus boost overall gross domestic product in the European Union by 7%, according to calculations by Ireland's Ministry of Finance. ...Belgium has perhaps the continent's worst case of bureaucratitis. A multiethnic nation of 10 million, this 174-year-old country's solution to its diversity has been a complex and often-confusing division of power for different areas of life among 589 communes, some 50 cabinet-level ministers and seven separate governments that represent the national government; the French, Dutch and German language groups; and the Brussels, Flemish and Walloon regions.... For two centuries, even before the Belgian state was born, official documents submitted to a local authority had to be accompanied by a conform copy -- another document stamped and approved by an individual's home commune, or local district. In 2003, communes issued 700,000 conform copies. "That's a lot of time taken off work" by Belgians who needed to visit commune offices to request and pick up extra paperwork... Belgium residents are required to pay administrative fees -- for a new passport, for example, or a change of address -- with fiscal stamps. The stamps are purchased at any post office and used to pay fees at local government offices, which in turn submit them to the federal government for cash. Napoleon wrote the rule because he didn't trust local administrations to handle money. Two centuries later, it still exists. Belgians buy EUR125 million ($148.2 million) of fiscal stamps every year. [Link to full article below:] May 17, 2004, The Wall Street Journal, By John W. Miller, As Gregor Samsa Awoke to Less Red Tape ... Belgian Lawmaker Evokes Kafka in Trying to Cut Back On Stifling Bureaucracy Thursday, May 20, 2004, The Market Center Blog, Bureaucratic Hell in Belgium.
8) Tax Analysts Exclusive Conversation with Dan Mitchell on Taxation and Economic Growth [Excerpt from Interview] Tax Analysts: What's the worst idea currently making the rounds in tax policy circles? The best? Dan Mitchell: Without question, the tax harmonization schemes of the Brussels-based European Union and the Paris-based Organization for Economic Cooperation and Development are the greatest threat to good tax policy. These international bureaucracies, acting at the behest of high-tax welfare states, are seeking to hinder tax competition by trying to force low-tax jurisdictions to act as deputy tax collectors for high tax governments. More specifically, the EU and OECD want profligate governments to have the ability to track — and tax — flight capital. Harmonization policies, including indirect forms such as information sharing, are completely inconsistent with good tax policy. Tax competition is a liberalizing force in the world economy. It has helped bring about significant reductions in tax rates in the last 20 years, and it makes it very difficult for politicians to implement class warfare tax policies such as high tax rates and discriminatory treatment of savings and investment — policies that unambiguously harm economic growth. To a large extent, tax competition is a necessary counterweight to the perverse incentives (as described by Public Choice economists) that lead politicians to expand the size of government. Numerous Nobel Laureates have commented on the beneficial impact of tax competition. James Buchanan points out that "the intergovernmental competition that a genuinely federal structure offers may be constitutionally 'efficient'" and that "tax competition among separate units . . . is an objective to be sought in its own right." Milton Friedman, meanwhile, writes, "Competition among national governments in the public services they provide and in the taxes they impose is every bit as productive as competition among individuals or enterprises in the goods and services they offer for sale and the prices at which they offer them." And Gary Becker observed that "competition among nations tends to produce a race to the top rather than to the bottom by limiting the ability of powerful and voracious groups and politicians in each nation to impose their will at the expense of the interests of the vast majority of their populations." Shifting gears, the best idea in the tax policy world is the flat tax. More specifically, the Hall-Rabushka proposal solves every problem plaguing the current system. By taxing all income, but only one time and at one low rate, the flat tax minimizes the economic damage caused by today's discriminatory and punitive internal revenue code. Some say a flat tax is too idealistic, but if former communist nations like Estonia, Russia, and Slovakia can have a flat tax, maybe this free-market idea someday can be implemented in America. [Link to full interview below:] Tax Notes, April 26, 2004, Tax Analysts Exclusive Conversations with Daniel J. Mitchell, Interviewed by Joseph J. Thorndike
9) The High Cost of Government Regulation Responding to a handful of corporate scandals a couple of years ago, politicians thought they could improve corporate governance by imposing new regulations. But it turns out the costs of the Sarbanes-Oxley Act are much greater than the ostensible benefits. Bruce Bartlett writes in today's Washington Times about the high costs of the legislation and the perverse consequences on job creation and entrepreneurship: [Excerpt from Bruce Bartlett's column:] [Financial Executives Institute] admits the compliance cost jumped sharply between its 2003 and 2004 surveys, as companies became more aware of what they had to do. On May 19, Maurice Greenberg, chairman of AIG, the world's largest insurance company, told shareholders Sarbanes-Oxley was costing them $300 million yearly. General Electric recently said it was paying $30 million per year in compliance costs. According to a new study by the law firm Foley & Lardner, the average cost for being a public company with sales of less than $1 billion increased $1.6 million last year due to Sarbanes-Oxley. There was also an unquantifiable loss of productivity because senior executives must spend so much time dealing with the law's requirements. Scott McNealy, Sun Microsystems' chief executive officer, calls Sarbanes-Oxley "buckets of sand in the gears of the market economy." The Foley study found 20 percent of companies surveyed were considering going private, eliminating public shareholders, to avoid Sarbanes-Oxley costs. Ed Nusbaum, CEO of accountants Grant Thornton, explains: "By going private, companies can greatly reduce their level of risk associated with shareholder litigation, while cutting costs and regaining a sense of control and confidentiality." [Link to full article below:] May 24, 2004, The Washington Times, By Bruce Bartlett, Regulatory overreaction Monday, May 24, 2004, The Market Center Blog, The high cost of government regulation.
10) FSC/ETI: A Missed Opportunity? Dan Mitchell wrote in a May 24 Heritage Foundation WebMemo that instead of planning to implement pro-growth tax policies with the money gained by repealing the extraterritorial income tax regime, Congress has chosen to craft "special-interest legislation." Link to full memorandum below:] May 24, 2004, Heritage Foundation WebMemo #509, by Daniel J. Mitchell, FSC/ETI: A Missed Opportunity?
11) Tax Competition Between States Leads to Significant National Migration. The Arizona-based Goldwater Institute has released a comprehensive study showing that over one million Americans have left high-tax states and moved to low-tax states. This process rewards states with lower tax burdens and imposes much-needed discipline on fiscally profligate states: [Excerpt from Goldwater Institute study:] For Americas Founders, a federalist system was paramount to protecting and enhancing the exercise of personal liberty. By making the jurisdictions to which people are subject smaller, federalism opens the door to numerous freedoms. Theoretically, someone who has grown frustrated with the actions of their state government may choose to relocate to a state whose policies they prefer. ...Strong evidence suggests that people exercise their options by moving into states with low tax burdens and favorable business climates, and exiting states with high tax burdens, poor business climates... Over the years examined, the 10 states with the lowest overall tax burdens (Alaska, New Hampshire, Delaware, Tennessee, Alabama, Texas, Florida, South Dakota, Nevada, and Colorado, respectively) enjoyed a total net gain of more than 1,300,000 residents resulting from across-state migration. The nine states and the District of Columbia with the highest total tax burdens suffered a total net loss of more than 1,700,000 residents as a result of migration. ...states contemplating increasing their tax burdens should not ignore the fact that higher taxes will drive a portion of their citizens to live, work, and do business elsewhere, to the peril of the states long-term fiscal health. States such as Florida and Nevada have profited enormously as havens for tax refugees from other states. States like California and New York have created an exodus of their businesses and citizens to other parts of the country. [Link to full report below:] May 24, 2004, Goldwater Institute, by Matthew Ladner, The Tax Man and the Moving Van: Fiscal Policy and State Population Shifts Tuesday, May 25, 2004, The Market Center Blog, Tax competition between states leads to significant national migration.
12) Gordon Brown's socialist crusade hurts England Chancellor of the Exchequer Gordon Brown sometimes uses the right rhetoric, but he apparently does not understand that bad policies have real consequences. His latest tax increase is driving lots of money from London to Jersey. [The Financial Times reports on the adverse impact of Brown's most recent mistake:] Property funds are shifting billions of pounds from the UK to Jersey to avoid new tax rules that come into force within weeks. The rules, part of a government crackdown on tax avoidance, will require limited partnerships to pay 4 per cent stamp duty on transactions. An estimated £17bn ($30bn) of UK property is owned by limited partnerships; vehicles used by the industry in part because they have not had to pay stamp duty. ...Among the groups making the move to Jersey is Morley Fund Management. It is set to move the ownership of five of its 10 property limited partnerships, controlling more than £2.5bn, offshore in the next few weeks. Four are partnership funds with listed companies; two with Capital and Regional and one each with Ashtenne and Quintain. Legal & General, the life assurer, is also looking at moving offshore some of its seven property limited partnerships, which have £2bn under management. Aberdeen Property Investors, being bought by Arlington, is doing likewise with four partnerships controlling £700m of property, part of its £4.2bn under management. Lend Lease, the Australian company which co-owns and manages Bluewater, one of Britain's biggest shopping centres, confirmed that it was setting up an offshore scheme. May 25, 2004, Financial Times Article Tuesday, May 25, 2004, The Market Center Blog, Gordon Brown's socialist crusade hurts England.
13) A defeat for the Constitution Dan Mitchell wrote on May 21 that America's Founding Fathers wanted to protect people from government abuses, which is one of the reasons why law enforcement authorities are required to present evidence and get a warrant from a judge before violating someone's privacy. Unfortunately, this cherished right is being undermined by Bush Administration tax officials. The IRS has won the "right" to obtain confidential records without any evidence of wrongdoing. Commentators correctly would scream if law enforcement sought warrants to harass minorities because they may have committed an unknown crime, yet almost nobody is objecting to this erosion of Constitutional rights: [Excerpt from the New York Times:] Jenkens & Gilchrist, a Dallas-based law firm, surrendered the names of its tax shelter customers to the Internal Revenue Service yesterday under a federal court order, the agency's third legal victory of its kind in a month. ..."This is yet another in a string of victories in the tax shelter battle," the I.R.S. commissioner, Mark W. Everson, said. The I.R.S. has won rulings ordering the law firm of Sidley Austin Brown & Wood and the accounting firm KPMG to disclose names of tax shelter clients. [Link to full article below:] May 19, 2004, The New York Times, Firm Names Tax Shelter Clients Friday, May 21, 2004, The Market Center Blog, A defeat for the Constitution.
14) Additional blogs and news clips on the EU savings tax directive: May 20, 2004, Tax-News.com, by Ulrika Lomas, Ahern Rejects Franco-German Call For EU Tax Harmonisation May 20, 2004, LawAndTax-News.com, by Ulrika Lomas, Swiss Government Faces Domestic Opposition Over Bilateral Treaties May 19, 2004, Tax-News.com, by Ulrika Lomas, Three EU Countries Lift Objection To Swiss Savings Tax Deal Monday, May 17, 2004, The Market Center Blog, The coming collapse of the EU. Monday, May 17, 2004, The Market Center Blog, Savings tax directive is a farce. May 14, 2004, Offshoreon.com, Swiss Agreement Clears Way for EU Tax Savings Directive May 14, 2004, International Herald Tribune, by Paul Meller, Luxembourg signals support for EU tax law May 14, 2004, EU Observer, By Lisbeth Kirk, Breakthrough in talks with Switzerland May 14, 2004, Offshoreon.com, Full Text European Union Council Directive on Taxation of Savings Income in The Form of Interest Payments
15) Additional European Union blogs and news clips: Friday, May 28, 2004, The Market Center Blog, More evidence of European uncompetitiveness. Thursday, May 27, 2004, The Market Center Blog, Europe's excessive benefits subsidize unemployment. Wednesday, May 26, 2004, The Market Center Blog, Even the business community in Europe is brain-dead. Wednesday, May 26, 2004, The Market Center Blog, The hyper-sensitive French whine about a few jokes. Tuesday, May 25, 2004, The Market Center Blog, Has Russia surrendered to EU extortion? Monday, May 24, 2004, The Market Center Blog, The EU's corrupt Parliament. Thursday, May 20, 2004, The Market Center Blog, French politicians thinks Europe needs more government. May 19, 2004, Tech Central Station, By Daniel J. Mitchell, Paris, Taxes Wednesday, May 19, 2004, The Market Center Blog, A useful role for the European Commission. Wednesday, May 19, 2004, The Market Center Blog, More lunacy from the French. Monday, May 17, 2004, The Market Center Blog, Bolkestein should look in the mirror when assigning blame. Monday, May 17, 2004, The Market Center Blog, Why EU waste is sometimes a good thing. Monday, May 17, 2004, The Market Center Blog, The future German Finance Minister? Sunday, May 16, 2004, The Market Center Blog, More details on the Franco-Prussian tax axis. May 6, 2004, Tech Central Station, By James K. Glassman, Revolutionaries Join Europe
16) Additional big government blogs and news clips Saturday, May 22, 2004, The Market Center Blog, White House caves in to Democrats...again. Wednesday, May 19, 2004, The Market Center Blog, Advertisement for the Libertarian Party. Tuesday, May 18, 2004, The Market Center Blog, More education spending is not the answer. Monday, May 17, 2004, The Market Center Blog, Overpaid bureaucrats give each other big bonuses.
17) Additional tax competition/harmonization blogs and news clips Thursday, May 27, 2004, The Market Center Blog, More evidence of tax competition, more bad news for Germany and France. Thursday, May 27, 2004, The Market Center Blog, More tax harmonization from Brussels. Wednesday, May 26, 2004, The Market Center Blog, The French continue to push for centralization and bureaucracy. Thursday, May 20, 2004, The Market Center Blog, Low-tax jurisdiction continue to attract financial services. Thursday, May 20, 2004, The Market Center Blog, The tax competition bandwagon is picking up speed. Thursday, May 20, 2004, The Market Center Blog, Washington Post unknowingly makes a good point. Thursday, May 20, 2004, The Market Center Blog, Irish reject tax harmonization. Wednesday, May 19, 2004, The Market Center Blog, European Commission continues push for corporate tax harmonization. Tuesday, May 18, 2004, The Market Center Blog, Glassman defends tax competition. Tuesday, May 18, 2004, The Market Center Blog, Empirical evidence that tax competition promotes good tax policy. May 11, 2004, BBC News, SA ditches foreign earnings tax:
South Africa has scrapped a 30% tax on overseas corporate earnings in an effort to encourage businesses to bring more of their money home.
Thursday, May 27, 2004, The Market Center Blog, Canada surrenders. Thursday, May 27, 2004, The Market Center Blog, Taxpayers benefit when government workers have to compete. Wednesday, May 26, 2004, The Market Center Blog, Victims of communism may finally get a memorial. Wednesday, May 26, 2004, The Market Center Blog, New movie definitely belongs in the fiction category. Wednesday, May 26, 2004, The Market Center Blog, New movie definitely belongs in the fiction category. Wednesday, May 26, 2004, The Market Center Blog, The hyper-sensitive French whine about a few jokes. Tuesday, May 25, 2004, The Market Center Blog, New York is near the top of the list, but not in a good way. Tuesday, May 25, 2004, The Market Center Blog, Cosby condemned for supporting individual responsibility Tuesday, May 25, 2004, The Market Center Blog, Americans put freedom first. Tuesday, May 25, 2004, The Market Center Blog, New York is near the top of the list, but not in a good way. Tuesday, May 25, 2004, The Market Center Blog, As if the UN's oil-for-food scandal wasn't bad enough. Monday, May 24, 2004, The Market Center Blog, Voters choose anti-tax candidates. Monday, May 24, 2004, The Market Center Blog, First Howard Stern, next Rush Limbaugh. Monday, May 24, 2004, The Market Center Blog, Is anyone surprised to find out that the press tilts left? Monday, May 24, 2004, The Market Center Blog, Criminals love gun control. Sunday, May 23, 2004, The Market Center Blog, Gibraltar already has lost much of its sovereignty. Sunday, May 23, 2004, The Market Center Blog, Canadian politicians avoid government-run health system. May 22, 2004, The Washington Times, By Richard W. Rahn, What is evidence? Friday, May 21, 2004, The Market Center Blog, Sovereignty promotes peace and competition. Friday, May 21, 2004, The Market Center Blog, Bush economist highlights importance of lower tax rates. Thursday, May 20, 2004, The Market Center Blog, The reward for endless inaccuracy. Thursday, May 20, 2004, The Market Center Blog, French think tank explains that lower tax rates are key to successful amnesty program. Wednesday, May 19, 2004, The Market Center Blog, Quality students avoid studying to be part of a government monopoly. Wednesday, May 19, 2004, The Market Center Blog, India takes a step in the wrong direction. Tuesday, May 18, 2004, The Market Center Blog, Waste and corruption at the World Bank. Tuesday, May 18, 2004, The Market Center Blog, More productivity equals more jobs. Monday, May 17, 2004, The Market Center Blog, The real civil rights battle is school choice. Monday, May 17, 2004, The Market Center Blog, New survey confirms France is the most over-taxed nation. Monday, May 17, 2004, The Market Center Blog, Voting patterns, not polls, are the best measure of voter preferences. Monday, May 17, 2004, The Market Center Blog, Gun prosecution is perversion of justice. Saturday, May 15, 2004, The Market Center Blog, Another well-deserved tribute for Margaret Thatcher.
Best regards, Andrew Quinlan __________________________ Did you like what you just read? If so, consider contributing to the Center for Freedom and Prosperity at: Do you have a friend who might be interested in our e-mails? If so, forward it to them, or have them join our list at:
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