All Posts Tagged With: "transparency"
Government Must Keep Track of Derivatives?
Regardless of what caused the crisis, government efforts to regulate derivatives will only lock in undesirable aspects of the current market and ensure that politically connected players reap artificial gains. It is absurd to ask politicians to promote financial integrity and sound accounting. They are the worst violators of these principles on the planet.
17Jun2009 | Robert P. Murphy | 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 | 1 comment | ContinuedTwo Cheers for Transparency
If citizens knew more about how their governments really worked and what they spent other people’s money on, it would not only make for better-informed citizens but for better (and hopefully less) government at the same time.
That’s the theory behind a growing movement spearheaded by think tanks from coast to coast and in Canada. It’s [...]
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