All Posts Tagged With: "tax competition"

The New Financial Imperialism

The Britannica Concise Encyclopedia defines imperialism as “the policy of extending a nation’s authority by territorial acquisition or by the establishment of economic and political hegemony over other nations. Because imperialism always involves the use of power, often in the form of military force, it is widely considered morally objectionable, and the term accordingly has [...]

20May2010 | Robert Stewart | 3 comments | Continued

In Praise of Tax Havens

According to stereotypes, tax havens are little islands in the Caribbean, and indeed that’s true of some of the world’s premiere offshore centers. But to be more accurate, a tax haven is any jurisdiction that satisfies two criteria: First, its tax laws are attractive to global investors and entrepreneurs, and second, it protects its fiscal sovereignty by choosing not to enforce the bad tax laws of other nations, at least when they are trying to tax economic activity outside their borders. This means, of course, that individuals and businesses from high-tax nations have the option of using those jurisdictions as havens against excessive taxation.

10Jun2009 | Daniel Mitchell | 5 comments | Continued

Offshore Prosperity

Quick—without reading the next paragraph of this article, name the five largest financial centers in the world. Answers: London,Tokyo, New York, Hong Kong, and the Cayman Islands. New York is the financial capital of one of the largest and wealthiest nations in the world; London, the former capital of a globe-spanning empire and still the [...]

1Sep2005 | Andrew P. Morriss | 4 comments | Continued

Patriotic Tax Avoiders

Doug Bandow, a nationally syndicated columnist, is a senior fellow at the Cato Institute and the author and editor of several books. Little upsets politicians more than people attempting to escape their control. So it is with U.S. companies that have fled overseas, now attacked as being unpatriotic and worse by Washington pols. Over the [...]

1Jan2003 | Doug Bandow | 4 comments | Continued

Capital Letters

Selective Taxation Worse To the Editor: Lawrence Reed argues against taxation of Internet sales in his recent article “Don’t Tax the Internet” (June 2000). There is an evil worse than excessive taxation: that of selective taxation . . . . Exemption of Internet-originated sales from taxation, while still allowing taxation of phone-originated sales taxes, amounts [...]

1Oct2000 | FEE Admin | 0 comments | Continued

Internet Commerce Should Be Taxed?

Virginia Governor James Gilmore, chairman of the Advisory Commission on Electronic Commerce, hoped that the group would act quickly to make permanent Congress’s 1998 three-year moratorium on new Internet taxes. But faced with a Clinton administration policy statement objecting to any move that would ban the collection of sales taxes on online purchases, a letter [...]

1Jun2000 | William F. Shughart II | 0 comments | Continued

States, Economic Freedom, and Wealth Creation

Montesquieu once observed that “Countries are well cultivated, not as they are fertile, but as they are free.” The 1999 Index of Economic Freedom, published by the Heritage Foundation and the Wall Street Journal, examined 161 countries and came to the same conclusion: “Countries that have the most economic freedom also tend to have higher rates of long-term economic growth and are more prosperous than those that have less economic freedom.” Unequivocally, the numbers show that “countries with the lowest levels of economic freedom also have the lowest standards of living.”

1Nov1999 | Lawrence W. Reed | 2 comments | Continued

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