All Posts Tagged With: "tax havens"
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 | ContinuedIn 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 | ContinuedOffshore 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 | ContinuedHarmful Tax Practices?
David Laband teaches economics at the Forest Policy Center, School of Forestry and Wildlife Sciences, Auburn University. The Organization for Economic Cooperation and Development (OECD), a Paris-based group of 29 governments (including the U.S. government) is demonizing tax havens around the world. Consider this statement from a recent OECD report: “Harmful tax practices may exist [...]
1Oct2000 | David N. Laband | 3 comments | Continued-
The Latest
Contraception: Insuring the Uninsurable
Update below. Controversy rages over the Obama administration’s mandate that all employers – including... Read More
The Snow Plowers’ Petition
The following might have happened in a small college town in upstate New York… In a cold and snowy... Read More
Super Bowl versus Education?
In the spirit of Super Bowl weekend I’d like to deconstruct a Facebook status update that a friend... Read More
Capitalism, Corporatism, and the Freed Market
When a front-running presidential contender tells the country that thanks to Barack Obama, “[w]e are... Read More
Creating Jobs versus Creating Value
Picking on New York Times columnist Paul Krugman is one of the largest participation sports on the Internet.... Read More
