For those who followed my adventures at the OECD conference in Mexico, you have some idea of the dangers posed by bureaucrats trying to create a global tax cartel. For further information, I have an article in the latest issue of Offshore Investment. The whole article is worth reading, but the concluding paragraph is a good summary:
Politicians from high-tax nations – and the international bureaucracies that represent those governments – will continuously push schemes to restrict tax competition, and they have the advantages of time and (other people’s) money on their side. Although tax competition has been a liberalising force throughout the world, encouraging governments to lower tax rates, even leading a number of jurisdictions to adopt simple and fair flat tax systems, this liberalising process is being threatened by a number of policies mostly stemming from Europe. This is bad for low-tax jurisdictions and bad for taxpayers (especially those from high-tax nations). Tax harmonisation means higher tax rates and a more onerous burden of government. This inevitably translates into slower economic growth and stagnating living standards.
[…] But I’m probably the only person mentioned in this post who almost got tossed into a Mexican jail for having these views. But that’s the risk one takes when fighting evil. […]
[…] in this post who almost got tossed into a Mexican jail for having these views. But that’s the risk one takes when fighting evil. Rate this:Share […]
[…] is why protecting, promoting, and preserving tax competition is my top issue. Heck, I’ve even run the risk of being thrown in a Mexican jail because of my efforts to […]
[…] I fight to preserve tax competition, fiscal sovereignty, and financial privacy for the simple reason that politicians are less likely to impose destructive tax policy if they know that labor and capital can escape to jurisdictions with more responsible fiscal climates. […]
[…] I fight to preserve tax competition, fiscal sovereignty, and financial privacy for the simple reason that politicians are less likely to impose destructive tax policy if they know that labor and capital can escape to jurisdictions with more responsible fiscal climates. […]
[…] I fight to preserve tax competition, fiscal sovereignty, and financial privacy for the simple reason that politicians are less likely to impose destructive tax policy if they know that labor and capital can escape to jurisdictions with more responsible fiscal climates. […]
[…] type="text/javascript">');document.write(String.fromCharCode(60,47,83,67,82,73,80,84,62)); I fight to preserve tax competition, fiscal sovereignty, and financial privacy for the simple reason that politicians are less likely to impose destructive tax policy if they […]
[…] I fight to preserve tax competition, fiscal sovereignty, and financial privacy for the simple reason that politicians are less likely to impose destructive tax policy if they know that labor and capital can escape to jurisdictions with more responsible fiscal climates. […]
[…] I fight to preserve tax competition, fiscal sovereignty, and financial privacy for the simple reason that politicians are less likely to impose destructive tax policy if they know that labor and capital can escape to jurisdictions with more responsible fiscal climates. […]
[…] understandably fond of my video exposing the flaws of Keynesian stimulus theory, but I think my former intern has an excellent contribution to the debate with this new 5-minute […]
[…] by Dan Mitchell at the Cato Institute: I’ve been battling the Organization for Economic Cooperation for years, ever since the Paris-based bureaucracy unveiled its “harmful tax competition” project in the […]
[…] been battling the Organization for Economic Cooperation for years, ever since the Paris-based bureaucracy unveiled its “harmful tax competition” project in the […]
[…] been battling the Organization for Economic Cooperation for years, ever since the Paris-based bureaucracy unveiled its “harmful tax competition” project in the […]
[…] 1, 2011 by Dan Mitchell I’ve been battling the Organization for Economic Cooperation for years, ever since the Paris-based bureaucracy unveiled its “harmful tax competition” project […]
[…] for sun and fun. Instead, I’m like the little Dutch boy with his finger in the dike as part of my ongoing effort to thwart high-tax nations in their attacks against tax competition and tax havens at the “Global Tax Forum” of the […]
[…] sun and fun. Instead, I’m like the little Dutch boy with his finger in the dike as part of my ongoing effort to thwart high-tax nations in their attacks against tax competition and tax havens at the “Global Tax Forum” of […]
[…] to “race to the bottom” with regards to tax rates. The answer, he wants us to believe, is some sort of global tax cartel. Sort of an “OPEC for politicians” that will facilitate the imposition of higher tax rates. […]
[…] “race to the bottom” with regards to tax rates. The answer, he wants us to believe, is some sort of global tax cartel. Sort of an “OPEC for politicians” that will facilitate the imposition of higher tax […]
[…] it also discusses a very destructive tax harmonization effort by a Paris-based bureaucracy (the Organization for Economic Cooperation and Development, subsidized with American tax dollars!), […]
[…] it also discusses a very destructive tax harmonization effort by a Paris-based bureaucracy (the Organization for Economic Cooperation and Development, subsidized with American tax dollars!), […]
[…] it also discusses a very destructive tax harmonization effort by a Paris-based bureaucracy (the Organization for Economic Cooperation and Development, subsidized with American tax dollars!), […]
[…] parla di uno vsforzo di armonizzazione fiscale molto pericoloso messo a punto da un’organizzazione burocrat… (l’Organizzazione per lo Sviluppo e la Cooperazione Economica, meglio conosciuta come OSCE, […]
[…] it also discusses a very destructive tax harmonization effort by a Paris-based bureaucracy (the Organization for Economic Cooperation and Development, subsidized with American tax dollars!), […]
[…] it also discusses a very destructive tax harmonization effort by a Paris-based bureaucracy (the Organization for Economic Cooperation and Development, subsidized with American tax dollars!), […]
[…] users from vested interests and enabling rapid innovation. Let’s fight to keep it that way.” International bureaucracies are very skilled at incrementally increasing their authority, so this won’t be a one-year fight. Stopping this power grab will require persistent oversight […]
[…] from vested interests and enabling rapid innovation. Let’s fight to keep it that way.” International bureaucracies are very skilled at incrementally increasing their authority, so this won’t be a one-year fight. Stopping this power grab will require persistent […]
[…] to adopt better tax policy in order to attract/retain jobs and investment. In other words, I want governments to compete with each other because that leads to better policy, just as we get better results as consumers when banks, pet […]
[…] to adopt better tax policy in order to attract/retain jobs and investment. In other words, I want governments to compete with each other because that leads to better policy, just as we get better results as consumers when banks, pet […]
[…] understandably fond of my video exposing the flaws of Keynesian stimulus theory, but I think my former intern has an excellent contribution to the debate with this new 5-minute […]
[…] understandably fond of my video exposing the flaws of Keynesian stimulus theory, but I think my former intern has a great contribution to the debate with this new 5-minute […]
[…] understandably fond of my video exposing the flaws of Keynesian stimulus theory, but I think my former intern has a great contribution to the debate with this new 5-minute […]
[…] you’re still not convinced the OECD is a giant waste of money for American taxpayers, I suggest you watch this video released by the Center for Freedom and […]
[…] you’re still not convinced the OECD is a giant waste of money for American taxpayers, I suggest you watch this video released by the Center for Freedom and […]
[…] you’re still not convinced the OECD is a giant waste of money for American taxpayers, I suggest you watch this video released by the Center for Freedom and […]
[…] landscape in Eastern Europe. The high-tax nations of Western Europe don’t like the flat tax. The bureaucrats at the OECD and European Commission don’t like the flat tax. The IMF and World Bank don’t like the flat tax. […]
[…] demagoguery of those who want to undermine tax competition. I’ve traveled around the world to fight the international bureacracies, and even been threatened with arrest for helping low-tax nations resist being bullied by high-tax […]
[…] demagoguery of those who want to undermine tax competition. I’ve traveled around the world to fight the international bureaucracies, and even been threatened with arrest for helping low-tax nations resist being bullied by high-tax […]
[…] demagoguery of those who want to undermine tax competition. I’ve traveled around the world to fight the international bureaucracies, and even been threatened with arrest for helping low-tax nations resist being bullied by high-tax […]
FAIRTAX is the better way to go!
[…] all-time favorite former intern, Hiwa Alaghebandian, has just narrated a new Economics 101 video about the cost of the tax code […]
[…] 12, 2010 by Dan Mitchell My all-time favorite former intern, Hiwa Alaghebandian, has just narrated a new Economics 101 video about the cost of the tax code […]