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Center for Freedom and Prosperity's E-mail Update 1) Berlin Update: OECD Suffers Setback, Postpones Anti-Privacy Effort: OECD Creates new Blacklist 2) Joel Mowbray Reports on OECD's Berlin Failure (Two Part Series) 4) CF&P's Berlin Tax Competition Conference – Supporting Material 5) CF&P Foundation Study Documents OECD Deceit 6) Bob Bauman: Descent into Dishonesty 7) In Memoriam: President Ronald Wilson Reagan (1911-2004) 9) EU Savings Tax Directive continues to falter. 10) Former Chamber of Commerce Chief Economist condemns tax harmonization 11) White House opposes protectionist policy against low-tax jurisdictions. 12) The U.S. leaves the EU in the dust 13) Too bad there isn't a political party that wants to control the size of government. 14) Treasury Secretary calls for return to Reaganomics 15) Friedrich Hayek gets well-deserved tribute on 60th anniversary of "Road to Serfdom" 16) Dan Mitchell to Speak at the 14th Oxford Offshore Symposium – September 5th-11th 17) Market Center Blogs on Ronald Reagan's Legacy 18) Additional European Union Blogs and Articles 19) Additional Blogs and News Clips on Tax Harmonization and Tax Competition 20) Blogs on the Size and Reach of Government
1) Berlin Update: OECD Suffers Setback, Postpones Anti-Privacy Effort: Paris-Based Bureaucracy Creates new Blacklist, Targets Chinese [Excerpt from CF&P Press Statement:] The Organization for Economic Cooperation and Development (OECD) suffered yet another setback at its recently concluded Berlin Global Forum on Taxation. By postponing the next Global Forum until the end of 2005, the Paris-based bureaucracy effectively conceded that its 2006 target date for the extra-territorial application of bad tax law was no longer possible. In another interesting development, the OECD issued a new blacklist that targets Chinese jurisdictions. Hong Kong, Macao, Malaysia (Labuan), and Singapore are identified. The new blacklist also targets Andorra, Barbados, Brunei, Costa Rica, Dubai, Guatemala, Liberia, Liechtenstein, Marshall Islands, Monaco, Philippines, and Uruguay. Andrew Quinlan, President of Center for Freedom and Prosperity, stated, "This concession is good news for tax competition, but the OECD has not given up in its effort to prop up
high-tax welfare states. The new blacklist is quite disturbing." [Link to full press statement below:] Press clips June 7, 2004, Worldwide Tax Daily, by Cordia Scott, OECD Targets Additional Financial Centers in Expanded Tax Haven Crackdown June 9, 2004, The Nassau Guardian, By Lindsay Thompson, New OECD blacklist? June 9, 2004, Tax-News.com, by Ulrika Lomas, US Think Tank Lambasts OECD Global Tax Forum June 8, 2004, OECD Press Statement, OECD and Non-OECD Economies Agree to Continue Work on Tax Information Exchange June 2004, Friedrich-Naumann-Stiftung, Steuerwettbewerb oder Steuerharmonisierung? (German Article)
2) Joel Mowbray Reports on OECD's Berlin Failure (Two Part Series) [Excerpt from the 1st article:] The US government wastes a lot of money, but few items in the federal budget do as much damage as the $50 million that American taxpayers send each year to the Organization for Economic Cooperation and Development (OECD). This Paris-based bureaucracy is helping pave the way for higher taxes around the world through a little-known, yet insidious project to stamp out "harmful tax competition." …The jurisdictions being persecuted by the OECD insist that there should be a "level playing field," meaning that big tax havens like the US and Switzerland agree to the same bad policies that the OECD is trying to impose on little nations and territories. As such, the "commitment letters" they sent to the OECD are predicated on all nations agreeing to the same misguided rules. The OECD's effort is also complicated by a rebel band of free market activists. Led by Dan Mitchell of the Heritage Foundation and Andy Quinlan of the Center for Freedom and Prosperity, these two policy wonks are fighting the combined might of the Treasury Departments and Finance Ministries of the industrialized world. These free marketeers warn that the OECD's efforts to eliminate "harmful tax practices" will make it easier for governments to raise tax rates and increase the burden of government. That's not a partisan spin: that's how the OECD itself views the issue. [Link to full article below:] June 4, 2004, Tech Central Station, By Joel Mowbray, Class Warfare in Berlin [Excerpt from the 2nd article:] So it is little wonder that smaller nations like Panama and the Bahamas felt unduly picked upon when their supposed sin is adopting rules for foreign investment modeled on those of several OECD members. Not helping matters for the OECD was the pesky presence of Dan Mitchell of the Heritage Foundation and Andy Quinlan of the Center for Freedom and Prosperity, who camped out at the same hotel where most of the conference participants were staying. Along with the Friedrich Naumann Foundation, the groups sponsored a forum last Wednesday, on the eve of the OECD conference, where two different panels spelled out precisely why the OECD's claims that a "level playing field" exists were, at best, intellectually dishonest. To the extent any attendees needed a reminder that lower taxes are fundamentally sound economic policy, there was even a Swiss professor on hand to give a powerpoint-based lecture. Representatives from several low-tax countries on the OECD's hit list attended the free market event and told this journalist afterward that they had heard more than enough to convince them that the OECD was not playing fair. And over the next two days, they stood their ground. It appears that the OECD conference was doomed from the start. Small countries not privileged enough to be included in the OECD were determined not to cave, particularly since OECD members like Switzerland probably never will. The affair, ironically, was not terribly contentious, as low-tax nations politely smiled and nodded, but in the end, brushed off the tax cartel's entreaties. [Link to full article below:] June 9, 2004, Tech Central Station, By Joel Mowbray, Bullying in Berlin, Part II
3) Sens. Allen and Inhofe and Reps. Cox, Istook and Manzullo Praise Tax Competition and Warn Berlin Tax Competition Conference Attendees to be Wary of European Tax Harmonization Schemes [Excerpts and Links to Senator's and Congressmen's Letters:] U.S. Senator George Allen I join with the Heritage Foundation, the Center for Freedom and Prosperity and the Friedrich Naumann Stiftung in welcoming you to the June 2nd Tax Competition conference. Like many of my Senate Colleagues, I am a strong opponent of tax harmonization schemes. The sovereign right of governments to set their tax policies should not be affected by other governments. … Fair Tax Competition is a beneficial force for people in the world's economy. It encourages lawmakers to lower tax rates and reduce the double-taxation of savings and investment. U.S. Senator James Inhofe …Along with many of my Senate colleagues, I am a strong supporter of tax competition. Tax competition is a liberalizing force in today's economy. It encourages lawmakers around the world to lower tax rates and reduce the double-taxation of savings and investment. These policies lead to stronger growth and more job creation, as America's economic expansion illustrates…. U.S. Representative Christopher Cox …High-tax nations worried that jobs and capital are shifting to lower-tax jurisdictions should lower their tax rates – not encourage others to raise theirs. The economic growth that is the result of effective tax competition creates jobs and additional resources for priorities such as education and health care. Tax competition raises standards of living and respects the sovereign rights of all nations to establish their own policy priorities…. U.S. Representative Ernest Istook Tax competition is a powerful force for good tax policy. It rewards governments that lower tax rates and implement tax reform. Nations that adopt these policies – like the United States – enjoy more growth and create more jobs. Indeed, thanks to tax competition, we are seeing tax rate reductions and other fiscal reforms all over the world. Needless to say, it would be a mistake for nations to acquiesce to tax harmonization. An "OPEC for politicians" would hinder the global shift to free market policy. U.S. Representative Don Manzullo Joining with the Heritage Foundation, the Center for Freedom and Prosperity, and the Friedrich Naumann Stiftung, I welcome you to the June 2nd Tax Competition conference. The ability of jobs and capital to shift across national borders is an important restraint against excessive government. This is why tax competition is a liberalizing force in the world economy, and Republicans in Congress and the Administration are committed to defending the sovereign right of all jurisdictions to adopt free market tax policy. …Like many of my House colleagues, I believe the tax harmonization agenda is fundamentally misguided. High-tax nations should lower their tax rates if they are worried that jobs and capital are shifting to lower-tax jurisdictions.
4) CF&P's Berlin Tax Competition Conference – Supporting Material The Center for Freedom and Prosperity co-sponsored a tax competition conference that took place June 2, 2004. Deliberately scheduled to occur the day before the OECD Global Forum, the conference featured 10 speakers who discussed the liberalizing impact of tax competition. Numerous delegates to the OECD Global Forum attended the Center's event. We have received many requests for the prepared remarks of the speakers. Below are links to their remarks and/or material they used for their presentations. Speakers: Dr. Gerhard Schick ~ Stiftung Marktwirtschaft Dr. Daniel J. Mitchell ~ Senior Fellow, The Heritage Foundation Dr. Alfred Boss ~ Director of Public Finance, Institute of World Economy, Kiel Dr. Richard W. Rahn ~ Senior Fellow, The Discovery Institute Mr. Andrew F. Quinlan ~ President, Center for Freedom and Prosperity Dr. Charles B. Blankart ~ Professor, Humboldt University, Berlin Mr. Martin Chren ~ Research Fellow, Hayek Foundation, Slovakia Mr. Mark A. A. Warner ~ Partner, Stanbrook & Hooper, Brussels
5) CF&P Foundation Study Documents OECD Deceit The Center for Freedom and Prosperity Foundation released its latest Prosperitas study, entitled "The OECD's Dishonest Campaign Against Tax Competition: A Regress Report." The paper explains that the Organization for Economic Cooperation and Development (OECD) has engaged in unethical behavior as part of its "harmful tax competition" campaign against low tax jurisdictions. More specifically, the paper documents how the OECD has reneged on both its commitment to get its own member nations to agree to undermine tax competition and its commitment to impose equivalent sanctions on all jurisdictions with market-based tax law. "Today's study is an expansion and update of a study we released last October to impact the OECD's Ottawa Global Forum," said Andrew Quinlan, president of the CF&P
Foundation. "The study sets the record straight once and for all that there is not a level playing field for the exchange of tax information between jurisdictions. The study also documents the OECD's
unethical attempts to gloss over this critical fact." [Link to full statement below:] Link to full Prosperitas Study: June 2004, The OECD's Dishonest Campaign Against Tax Competition: A Regress Report, (Vol. IV, Issue I) Press Clips: June 2, 2004, Tax-News.com, by Ulrika Lomas, US Think Tank Accuses OECD Of 'Unethical Behaviour' On Tax Issues June 2, 2004, International Policy Network, OECD tax proposals unfair to small countries say international economists May 31, 2004, Bahamas Financial Services Board, CFP On OECD Commitments June 21, 2004, InvestmentNews.com, By Mark Battersby, Study criticizes OECD for its tax policies
6) Bob Bauman: Descent into Dishonesty [From the Sovereign Society Offshore A-Letter:] The Center for Freedom and Prosperity Foundation has released a study entitled 'OECD's Dishonest Campaign Against Tax Competition.' The CFP paper charges that the Paris-based Organization for Economic Cooperation and Development (OECD) has engaged in deceptive and unethical behavior in its so-called 'harmful tax competition' blacklist campaign aimed at offshore tax havens. From the beginning of the OECD 'smear tax havens' drive we have noted the hypocrisy inherent in their stand. In essence, the OECD, the mouth-piece for high tax, major G-7 nations, has opposed competition posed by low tax jurisdictions that attract foreign business and investments for an obvious reason -- the welcome ability to pay less (or no) taxes. The OECD and its welfare state sponsors know they cannot compete with low tax nations, so they have tried to force worldwide higher tax rates on everyone. And they have done this with false propaganda. The new CFP reports shows that the hypocritical OECD has failed to curb the same tax practices among its own members for which it attacks tax havens; that favored OECD G-7 member nations conveniently have escaped the same blacklisting. It also proves that the OECD promise to create a 'level playing field,' in which all nations exchange tax information, is a myth; yet the OECD continues to insist that tax havens must knuckle under to its dictates. Dan Mitchell of the Heritage Foundation said he was 'hardly surprised since uncompetitive, high tax nations like France and Germany dominate the OECD.' Veronique de Rugy of the American Enterprise Institute called the OECD's misrepresentations a 'descent into dishonesty.' The OECD's anti-tax blacklisting always has been flawed, but now it has deteriorated a discriminatory campaign to inhibit small nations in order to serve the narrow interests of rich, high tax welfare states. That's the way that it looks from here. Bob Bauman, Editor [Source: June 1, 2004, Sovereign Society Offshore A-Letter, Vol. 6 No. 100, http://64.23.55.231/vmembers.php?nid=934]
7) In Memoriam: President Ronald Wilson Reagan (1911-2004) The Center has a dedicated web page on the Legacy of Ronald Reagan (link below). We have blogs and links to more than two-dozen articles on the President. President Reagan will be missed but his legacy will live on forever. Below we feature a Wall Street Journal editorial that highlights President Reagan's accomplishments and notes that he restored "founding principles of individual liberty and responsibility." These principles "saved America from following Western Europe into welfare-state decline." [Excerpt from Wall Street Journal:] Mr. Reagan was the most consequential President since FDR because of his ideas. His Presidency was at root about returning a country that was heading toward decline back to its founding principles of individual liberty and responsibility. At the time it was called a "revolution" but his era is better understood as a restoration. ...although he was our oldest President he saw further ahead than most others. It was Mr. Reagan himself, and not the CIA, who predicted the collapse of the Soviet Union. As early as 1981, in his famous speech at Notre Dame, he called Communism "a sad, bizarre chapter in human history whose last pages are even now being written." A year later he told the British House of Commons that "the march of freedom" and democracy "will leave Marxism-Leninism on the ash heap of history." And in 1988, after Mikhail Gorbachev had conceded Soviet weakness by initiating perestroika, Mr. Reagan described for students at Moscow University the link between the microchip and expanding human freedom. ...the Reagan tax cuts saved America from following Western Europe into welfare-state decline. In addition to igniting growth, his tax cuts put a brake on the expansion of government that had seemed unstoppable. ...When Mr. Reagan took office, the top marginal U.S. tax rate was 70%. When he left the top rate was 28%; it is now 35%, and even John Kerry has conceded with his proposal to cut some corporate taxes that the marginal rate of tax matters. Today Americans may disagree about what tax cuts are needed, how deep they should go, and what they ought to target. But the debate itself reflects Mr. Reagan's central premise: that people respond to incentives, and that high taxes interfere with natural human creativity and drive. [Link to full article below:] June 7, 2004, The Wall Street Journal, Review & Outlook: The Reagan Restoration Additional blogs and news articles on President Reagan can be found below at Item 17 CF&P's dedicated web page on Ronald Reagan's legacy:
The Wall Street Journal accurately notes that the sheer size and obtuse language of the draft constitution almost surely will drive an even bigger wedge between ordinary people and the political elite in Brussels. [Excerpt from the Wall Street Journal:] Any outside observer can see plainly that the whole project has gone off the rails. Originally proposed to simplify and make more transparent the operations of the European Union, the result of over a year of consultations and deliberations is nigh on 300 pages of gobbledy-gook. And this week has featured the important showdown between the Netherlands and Germany over whether the word "propose" or "recommend" should appear on page 90. Our opinion on this weighty matter is that the constitution should have no page 90 if it is to make the EU more simple and transparent. [Link to full article below:] June 17, 2004, The Wall Street Journal, Review & Outlook: A Constitutional Farce June 17, 2004, The Market Center Blog, EU constitution is a farce.
9) EU Savings Tax Directive continues to falter. European Union's savings tax cartel delayed its final decision until later this month, but they are getting to the point where any delay will push the misguided, watered-down scheme until 2006 at the earliest. [Excerpt from SwissInfo.com:] The EU has made it clear that it would like to implement the savings tax accord at the beginning of next year. But the Swiss argue that this deadline is unrealistic because the accords have first to be debated by parliament, something which is not expected to happen before the end of the year. Swiss voters are also likely to be given the final say in a nationwide vote on whether to accept the package of accords. ...But even if debate is wrapped up by the end of the year, the government will still have to wait for a period of three months to see if those opposed to the treaties launch a referendum against them. "The inescapable fact is that Switzerland cannot meet the January deadline," said Roger Kaiser, tax adviser at the European Banking Federation, which represents 20 national bank associations. ...Swiss and European banks are unlikely to be disappointed by the delay. [Link to full article below:] June 9, 2004, Swissinfo, Swiss-EU savings tax deal faces delay Additional EU Savings Tax Directive Blogs and News Clips June 10, 2004, The Market Center Blog, Savings tax directive update: Bad news for EU welfare states. June 7, 2004, The Market Center Blog, EU Constitution could be the new savings tax directive. June 4, 2004, The Market Center Blog, More problems for EU savings tax cartel. June 4, 2004, Tax-News.com, by Ulrika Lomas, Agreement Of 'Equivalent Measures' Gives EU Savings Tax The Green Light June 3, 2004, International Herald Tribune, by Paul Geitner, As EU nears deal on tax dodgers, a real solution is elusive June 3, 2004, The Guardian, by Ian Black, EU agrees deal to clamp down on tax dodgers June 3, 2004, The Market Center Blog, Savings tax directive won't raise any revenue, but statist politicians already envisioning future expansion. June 3, 2004, The Market Center Blog, EU Directive stalls again, Luxembourg banks ready to exploit loopholes. June 2, 2004, EU Business, EU puts off decision savings account taxes June 2, 2004, The Market Center Blog, EU directive continues to falter. May 31, 2004, The Market Center Blog, EU savings directive is a "tax only for dummies." May 28, 2004, The Market Center Blog, Savings tax cartel facing new obstacles.
10) Former Chamber of Commerce Chief Economist condemns tax harmonization Richard Rahn writes in the Washington Times that the Franco-Prussian tax harmonization agenda is contrary to economic growth and individual liberty. Dr. Rahn's column also discusses the upcoming OECD Global Forum and contemplates whether the US representatives at the meeting will try to undermine the pro-tax competition views of the Bush White House. [Excerpt from Dr. Rahn's op-ed:] The former communist countries have greatly reduced tax rates to make themselves internationally competitive. As a result, they have been growing much faster than most E.U. countries — that is, they have been catching up, which is precisely the goal. The French and Germans, rather than applauding this, are now trying to stop it. German Chancellor Gerhard Schroeder recently demanded the new entrants agree to minimum taxes (i.e., the weight belt). The Germans and French claim they are seeking "tax harmonization" rather than "destructive tax competition." Of course, in the real world tax competition is highly desirable, because it forces governments to operate more efficiently and protects both the pocketbooks and the liberties of taxpayers. The argument against tax competition is identical to that made when the inefficient, pricey retail store demands the new discount store raise its prices "to be fair." [Link to full article below:] June 1, 2004, The Washington Times, By Richard W. Rahn, Europe's new oppressors June 1, 2004, The Market Center Blog, Former Chamber of Commerce Chief Economist condemns tax harmonization.
11) White House opposes protectionist policy against low-tax jurisdictions. The Bush Administration has announced opposition to the provision in the Homeland Security legislation that would bar companies in low-tax jurisdictions from competing for government contracts. This is a positive step, but this debate would disappear if US policy makers fixed the problems in the tax law that make US-chartered companies less competitive: [Excerpt from Bloomberg News:] The Bush administration is opposing a provision in a US House bill that bars companies based overseas such as Tyco International Ltd. from competing for Homeland Security contracts, saying it could violate World Trade Organisation rules and other agreements. "The pending legislation is overly broad and may have unintended negative consequences," the White House Budget Office said in a statement. ...Companies based in the low-tax countries won $1.1 billion worth of defence and homeland security contracts in fiscal 2002, said Representative Richard Neal, a Massachusetts Democrat who backs the contract provision. ...Tyco spokeswoman Gwen Fisher said the provision limits competition. The Bermuda-based company, the world's biggest maker of security systems, industrial valves and duct tape, is run from West Windsor, New Jersey, and employs 100,000 people in the US. "We believe decisions like this both affecting the safety and livelihood of Americans should be based on who can provide the best goods and services at the lowest price and should not be based on where the company is incorporated," Fisher said. [Link to full article below:] June 19. 2004, The Royal Gazette, Bush against ban on offshore businesses June 21, 2004, The Market Center Blog, White House opposes protectionist policy against low-tax jurisdictions. Additional News Clips: June 18, 2004, The Market Center Blog, Quasi-victory protects Accenture contract. June 16, 2004, The Market Center Blog, Homeland Security Department defends Accenture contract. June 15, 2004, The Market Center Blog, Protectionist demagogues attack Accenture. June 10. 2004, Forbes.com, by Dan Ackman, Accenture Tax Dodging The Bullet June 3. 2004, The Royal Gazette, By Lilla Zuill, Anger as Accenture scoops major US contract June 2, 2004, Detroit News, By Suzanne Gamboa, Border security contract worth up to $10 billion awarded to Bermuda company
12) The U.S. leaves the EU in the dust -- Most European countries rank below the average U.S. state in GDP The Wall Street Journal comments on the recent study comparing US and EU growth rates and living standards. The column notes that a higher tax burden is one of the key differences that explains EU stagnation. [Excerpt from Wall Street Journal:] In 2000, U.S. GDP per capita was a whopping 32% higher than the EU average. Europe's standing hasn't improved since then. ...Higher GDP per capita helps the average American to spend about $9,700 more than the average European on consumption per year. Americans, therefore, have by far more cars, TVs, computers etc. than Europeans. "Most Americans have a standard of living which the majority of Europeans will never come anywhere near," the study says. ...But what does it mean to be poor in the U.S.? A large proportion of the "poor" (45.9%) own their homes, 72.8% have a car and almost 77% have air conditioning, still considered a luxury in most of Western Europe. The average living space for poor American households is 1,200 square feet. In Europe, the average space for all households, not just the poor ones, is 1,000 square feet. ...So why has Europe's economic development been so sluggish over the last 30 years? The authors say it is impossible not to notice the one factor that essentially distinguishes large parts of Europe from the U.S., namely "the expansion of the political sphere in general and taxes and the size of the public sector in particular." In 1999, average EU tax revenues amounted to over 40% of GDP; in the U.S. they were below 30% of GDP. [Link to full article below:] June 16, 2004, The Wall Street Journal, Review & Outlook: America's Poorest June 16, 2004, The Market Center Blog, The United States leaves the EU in the dust.
13) Too bad there isn't a political party that wants to control the size of government. Too bad there isn't a political party that wants to control the size of government. The National Taxpayers Union has released their annual analysis of voting patterns on Capitol Hill. Sadly, not a single member of Congress - House or Senate - voted to reduce the size of the federal government: When it came to controlling deficit spending last year, words were abundant but deeds were in short supply on Capitol Hill. That's the conclusion of the latest VoteTally study by the non-partisan National Taxpayers Union Foundation (NTUF). Even though lawmakers invoked the rhetoric of fiscal responsibility at least 1,046 times in the Congressional Record, 2003 is the third successive year in which no Member of the House or Senate cast votes whose cumulative effect would reduce federal spending. ...The average Senator voted to boost yearly expenditures by $302.2 billion, while the average House Member's net voting agenda totaled $231.7 billion for the 108th Congress, 1st Session. ...All told, the average House Member voted for just 2 cents in spending cuts for every dollar in spending increases. Senators backed 5 cents in reductions for every dollar of increases. [Link to full press release:] June 17, 2004, National Taxpayers Union Foundation, Report: For Third Year Running, No Member of Congress Voted for Net Reduction in Federal Spending Additional Blogs on Government Spending June 18, 2004, The Market Center Blog, Too bad there isn't a political party that wants to control the size of government. June 22, 2004, The Market Center Blog, Bush not acting like Reagan's heir. June 21, 2004, The Market Center Blog, Bring back the "Contract with America" Republicans. June 13, 2004, The Market Center Blog, Bush is no Reagan.
14) Treasury Secretary calls for return to Reaganomics Treasury Secretary John Snow said that America must cut tax rates and make government smaller to stay competitive in the global economy. He specifically stated cited the example of Ronald Reagan as an inspiration. While this is a positive development, hopefully this also is a sign that the Bush Administration will stop wasting so much money on failed government programs. [Excerpts from Tax-news.com:] US Treasury Secretary John Snow told a conference last Thursday that the United States must continue cutting taxes and rolling back excessive regulation and 'big' government if it is to counter the economic threat posed by emerging economies such as China and India. ...he also looked back to the policies of the late Ronald Reagan as a blueprint for future tax policy. "Reagan saw that taxes were out of control, that government had grown far too much, like a weed that seems harmless but can choke a tree – not intentionally, but due to its own growth," he told the audience, adding: "So Reagan took brave steps to cut taxes dramatically, and continue the regulatory reforms of the 1970s…and these actions led to some of the greatest economic times our country has ever known." [Link to full article below:] June 21, 2004, Tax-News.com, by Mike Godfrey, Snow Calls For Return To 'Reaganomics' June 21, 2004, The Market Center Blog, Treasury Secretary calls for return to Reaganomics. Additional Taxation Blogs and News Clips June 21, 2004, The Market Center Blog, Japanese political party wants to make a bad system even worse. June 20, 2004, The Market Center Blog, Local government regulation imposes heavy tax on home-ownership. June 18, 2004, The Washington Times, By Richard W. Rahn, Tallying presidential economic success June 9, 2004, The Heritage Foundation WebMemo #520, by Daniel J. Mitchell, Sales Tax Deduction Would Subsidize Bigger Government, Undermine Tax Reform June 4, 2004, The Washington Times, By Richard W. Rahn, Marketing failure June 4, 2004, The Market Center Blog, France proposes global tax scheme. June 3, 2004, The Wall Street Journal, by Eamonn Butler, Europe's Taxing Problem June 2, 2004, The Market Center Blog, The Franco-Prussian tax alliance launches blitzkrieg against European competitors.
15) Friedrich Hayek gets well-deserved tribute on 60th anniversary of his landmark book "Road to Serfdom" Friedrich Hayek was one of the world's greatest economists. Not only did this Nobel Laureate produce an amazing volume of influential work, but he also is largely responsible for the destruction of socialism. [Excerpt from Arnold Beichman's Washington Times column:] This is the 60th anniversary of the publication of "Road to Serfdom," by Friedrich Hayek. It is one of the most important books of the 20th century, as important as the publication of "Das Kapital" was, in its malign way, in the 19th. ...For Hayek, competition was the surest way for an economic system to work and competition could exist only under a free market system. In other words, as economist John Cassidy put it, "By allowing millions of decision-makers to respond individually to freely determined prices, it allocated resources, labor, capital, and human ingenuity — in a manner that can't be mimicked by a central plan, however brilliant the central planner.... The view of capitalism as a spontaneous processing machine — 'telecommunications system' was how Hayek referred to it — was one of the real insights of the century." Mr. Cassidy suggested, "It is hardly an exaggeration to refer to the 20th century as the Hayek century." [Link to full article below:] May 30, 2004, The Washington Times, By Arnold Beichman, The road away from serfdom May 31, 2004, The Market Center Blog, Hayek gets well-deserved tribute. The Friedrich Hayek Scholars' Page
16) Dan Mitchell to Speak at the 14th Oxford Offshore Symposium – September 5th-11th [Excerpt from Symposium's Flyer:] Now in its 14th year, the Oxford Offshore Symposium has been enhanced to reflect the significantly changed needs of all professionals, onshore and offshore, who have to consider not only what constitutes offshore but when and how to utilise it. Bringing together distinguished professionals and scholars from around the globe, this week-long event held in the Halls of Jesus College, Oxford will be highly relevant to practitioners, regulators and those involved in the tactical planning of the world's wealth. Through lectures, seminars, panel discussions and case studies, participants will examine the challenges faced by individuals within this industry, and learn the necessary protection mechanisms and the potential solutions. The Symposium will also provide an opportunity to interact with an international line up of top class individuals who are designing, implementing or regulating these solutions. The 14th Oxford Offshore Symposium Link to more information:
17) Market Center Blogs on Ronald Reagan's Legacy June 16, 2004, The Market Center Blog, Another well-deserved tribute for Ronald Reagan. June 14, 2004, The Market Center Blog, The Left was wrong about Reagan, and now they try to damn him with faint praise. June 14, 2004, The Market Center Blog, Reagan did not hold his finger in the wind. June 13, 2004, The Market Center Blog, Sore losers on the left. June 11, 2004, The Market Center Blog, Milton Friedman praises Ronald Reagan. June 11, 2004, The Market Center Blog, Lech Walesa on Ronald Reagan. June 11, 2004, The Market Center Blog, The Economist pays tribute to Ronald Reagan. June 10, 2004, The Market Center Blog, Leading US economist lauds President Reagan. June 10, 2004, The Market Center Blog, Reagan's unappreciated record on spending. June 10, 2004, The Market Center Blog, A Reagan victory in South Carolina? June 9, 2004, The Market Center Blog, Even left-wing cities are learning the lesson of Reaganomics. June 9, 2004, The Market Center Blog, Praise for another Reagan accomplishment. June 9, 2004, The Market Center Blog, Reagan's victory over communism. June 9, 2004, The Market Center Blog, Reagan remembered by ordinary Americans. June 8, 2004, The Market Center Blog, Reagan's global impact. June 8, 2004, The Market Center Blog, Reagan had the proper understanding of liberty and individual rights. June 8, 2004, The Market Center Blog, Reagan's other amazing achievements. June 8, 2004, The Market Center Blog, The value of speaking the truth. June 7, 2004, The Market Center Blog, Former Reagan speechwriter lauds Reagan's accomplishments. June 7, 2004, The Market Center Blog, Reagan restored American values. June 7, 2004, The Market Center Blog, Reagan's incredible economic accomplishments. June 7, 2004, The Market Center Blog, The Reagan economic recovery helped end communism. June 7, 2004, The Market Center Blog, Ronald Reagan restored capitalism. June 6, 2004, The Market Center Blog, Ronald Reagan's tremendous legacy. June 6, 2004, The Market Center Blog, Reagan rolled back totalitarianism and won the Cold War. June 6, 2004, Washington Post, By Lou Cannon, Actor, Governor, President, Icon June 6, 2004, BBC News, Ronald Reagan: In his own words
18) Additional European Union Blogs and Articles June 21, 2004, The Market Center Blog, Let's all shed a tear for Jacques. June 21, 2004, The Market Center Blog, Blair wants British to surrender their freedoms to Brussels. June 19, 2004, Reuters, Triumph Over EU Constitution Gives Way to Gloom June 19, 2004, The Market Center Blog, Apathy toward EU is logical. June 18, 2004, Isle of Man OniLine, 'Island is Sleepwalking Into Being a Dependent Territory of the EU': THE man behind television celebrity Robert Kilroy-Silk's European election success
says those opposed to the EU now have a voice. June 17, 2004, The Market Center Blog, Will UK Tories ever find their way out of the wilderness? June 17, 2004, The Market Center Blog, Blair says UK will scuttle EU constitution to block tax harmonization. June 17, 2004, The Market Center Blog, Is there a Ronald Reagan who can save Germany? June 16, 2004, BBC News, By Paul Reynolds, EU constitution: The endgame? June 16, 2004, The Market Center Blog, The EU's statist constitution. June 16, 2004, The Market Center Blog, Big government in Brussels suffers a setback. June 16, 2004, The Market Center Blog, EU constitution to retain tax competition. June 14, 2004, BBC News, EU poll blow for ruling parties: Latest results from elections to the EU parliament show gains for opposition parties across Europe. June 14, 2004, The Market Center Blog, Bad news for advocates of a Brussels super-state. June 13, 2004, The Washington Post, By Robert Barr, Europeans Vote for EU Parliament: Parties of German Chancellor Schroeder and French President Chirac Lose Popularity June 10, 2004, The Market Center Blog, EU nations fare poorly when compared to US states. June 4, 2004, The Market Center Blog, France proposes global tax scheme. June 3, 2004, The Market Center Blog, More bad news for the EU and good news for the world economy. June 3, 2004, The Market Center Blog, Tax competition may save Europe. June 2, 2004, The Market Center Blog, Misguided EU business leader wants EU political union. May 28, 2004, The Market Center Blog, More evidence of European uncompetitiveness.
19) Additional Blogs and News Clips on Tax Harmonization and Tax Competition June 19, 2004, The Market Center Blog, Romania responds to tax competition. June 18, 2004, The Market Center Blog, Iceland shows how low taxes promote growth, Prime Minister defends tax competition. June 12, 2004, The Market Center Blog, Ireland rejects tax harmonization. June 11, 2004, The Market Center Blog, Mayor Giuliani defends Bermuda. June 9, 2004, The Market Center Blog, Tax havens and tax cutting nations prosper. June 4, 2004, The Market Center Blog, Holland joins with the Axis of Greed. June 3, 2004, The Market Center Blog, Tax competition may save Europe. May 29, 2004, The Market Center Blog, Slovak leader slams tax harmonization. May 28, 2004, The Market Center Blog, Savings tax cartel facing new obstacles.
20) Blogs on the Size and Reach of Government June 22, 2004, The Market Center Blog, New money laundering rules impose high costs but yield scant benefits. June 21, 2004, The Market Center Blog, Government intervention causes higher energy prices - and McCain and Lieberman want to drive costs even higher. June 21, 2004, The Market Center Blog, Wasteful spending in California. June 18, 2004, The Market Center Blog, Another scandalous waste of taxpayer money. June 18, 2004, The Market Center Blog, Government monopolies waste money. June 17, 2004, The Market Center Blog, Will greedy state politicians repeat the mistakes of the '80s and '90s? June 17, 2004, The Market Center Blog, Over-regulation imposes high costs on banks. June 16, 2004, The Market Center Blog, Health care in America already is socialized. June 16, 2004, The Market Center Blog, Gun control fails in Canada. June 16, 2004, The Market Center Blog, Nanny-state tyrants threaten freedom. June 15, 2004, The Market Center Blog, The welfare system versus the family. June 5, 2004, The Market Center Blog, Government waste can be reduced. June 1, 2004, The Market Center Blog, Compelling argument for school choice. May 28, 2004, The Market Center Blog, Higher gas taxes only help politicians.
June 21, 2004, The Market Center Blog, Airlines mooching for handouts. June 21, 2004, The Market Center Blog, International Criminal Court is threat to US interests and contrary to international legal tradition. June 20, 2004, The New York Times, by Timothy L. O'Brien, Tycoon's Trial Is Test for Capitalism in Russia June 18, 2004, The Market Center Blog, UN wants to subject America to International Criminal Court. June 11, 2004, The Market Center Blog, Police state tactics in Brussels. June 10, 2004, The Market Center Blog, Economic reform in Russia. June 7, 2004, China Economic Net, By Zhong Jing, Offshore financial centers affect cross-border capital flow in China June 6, 2004, AccountancyAge.com, By David Rae, Corporate tax - Group of four confronts avoidance June 6, 2004, The Market Center Blog, French physician, heal thyself. June 6, 2004, The Market Center Blog, Political correctness run amok in New Jersey. June 5, 2004, The Market Center Blog, Canadian election may give voters a real choice. June 2, 2004, The Market Center Blog, Tom Sowell cites inaccurate data, slams America's anti-business business weekly. June 2, 2004, LewRockwell.com, by Rep. Ron Paul, Freedom vs. Security: A False Choice June 2, 2004, This Is Money, by Guy Dresser, Tax plans 'breach human rights' June 2004, Expatica, Bush, Kerry and the crucial expat vote: The 2000 Presidential election was decided by absentee votes - and this year's poll could well go the same way. As Simon Payn
reports, never before have America's political parties wooed expat voters with such intensity. May 31, 2004, The Market Center Blog, Canada politician has secret plan to benefit the United States. May 30, 2004, The Market Center Blog, Banking secrecy does not hinder war against terrorism. May 28, 2004, OffshoreOn.com, By W. William Woods, President's Choice
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