Blog

Taxation horrors and Europe’s frustration

Categories:

At their meeting in Tallinn, Estonia, in mid-September, European Union Finance Ministers discussed new measures for taxing internet-based companies. They want to establish a system that could be brought to the Organisation for Economic Co-operation and Development (OECD), which would adapt these measures to global standards. Whew! Finally, wealthy companies like Google, Facebook and Apple will…

Tech taxes are being used to stop business renewal

Tech taxes are being used to stop business renewal

Austria, France and Germany together with other EU-countries made a proposal earlier this month to introduce an “equalization tax” on foreign internet companies. The justification for this tech tax is that companies such as Google, Facebook and Airbnb are not paying their fair share of taxes, and especially not in France and Germany.   The tech tax is meant to “reflect…

Opinion: The perfect tax (other than zero) Part III

Categories:
Opinion: The perfect tax (other than zero) Part III

Refined regime Even if one accepts that radical tax reform is a political nonstarter, it is still important to put forward such projects as forcefully as possible. The reason is that they can serve as a benchmark for evaluating our current dysfunctional tax systems. In addition, these reform proposals can be refined and sharpened in three respects. First, it helps to be explicit about the…

Opinion: The perfect tax (other than zero) Part II

Categories:
Opinion: The perfect tax (other than zero) Part II

Modest proposals Free-market proposals suggest eliminating personal and corporate income taxes, replacing them with value-added tax (VAT) or a tax on consumption. Progressivity could be maintained by giving all taxpayers a guaranteed, fixed-sum subsidy. In the U.S. context, a VAT rate of about 20 percent would be sufficient to replace revenue from federal income tax. Governments do not like…

Opinion: The perfect tax (other than zero) Part I

Categories:
Opinion: The perfect tax (other than zero) Part I

Tax systems are under scrutiny in many Western countries. Taxpayers complain because tax pressure is high and governments squander their money. Moreover, they deplore the system’s complexity and lack of transparency. For example, nobody really knows what share of the revenue goes to finance the goods and services produced by government agencies, and how much is used to provide relief to…

The Right to Rock the Cradle: A Lesson in Stability

Categories:
The Right to Rock the Cradle:  A Lesson in Stability

  “Blessings on the hand of women!     Fathers, sons, and daughters cry, And the sacred song is mingled     With the worship in the sky — Mingles where no tempest darkens,     Rainbows evermore are hurled; For the hand that rocks the cradle     Is the hand that rules the world.” William Ross…

Financial Education- A key to Societal Prosperity

Financial Education- A key to Societal Prosperity

 “The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money… but never learn to have money work for them.”  Robert Kiyosaki The importance of financial education should not be underestimated. It is critical for young people to learn how to take care of…

REQUIEM FOR SOCIALISM IN VENEZUELA

Categories:
REQUIEM FOR SOCIALISM IN VENEZUELA

Latin America has throughout its history been required to endure attempts at imposing collectivist institutions, resulting in a type of poor economic performance comprised of sluggish development, blatant inequalities in the distribution of wealth, widespread poverty, anti-productive and stagnating distribution of huge reserves of wealth, all of which when taken together lead to an idiosyncratic…

© Values4Europe