Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom


New Guidelines on Snacking: Another Unnecessary Interference

New Guidelines on Snacking: Another Unnecessary Interference

The miraculous multiplication of loaves and fishes in the Italian electoral campaign

The miraculous multiplication of loaves and fishes in the Italian electoral campaign

Problems with Oxfam's Inequality Report

Problems with Oxfam’s Inequality Report

Donald Trump's Tax Cuts Show the Importance of Tax Competition

Donald Trump’s Tax Cuts Show the Importance of Tax Competition

Taxing the web economy

Taxing the web economy

Tax on Robots? Old Wine in new Bottles

Tax on Robots? Old Wine in new Bottles

Latest publications

UK 2017 Elections

UK 2017 ElectionsOn the 8th of June UK citizen will vote to elect a new Parliament in a snap election called by current Prime Minister Theresa May. The very short campaign so far has focused very little on economic and strategic policies. The key issues considered so far have been instead immigration policies, (...)

Capital for the 21st Century

Anti-PikettyThe English translation of “Anti-Piketty”, a collection of essays by renowned international economists and historians, critical of Thomas Piketty’s volume, Capital in the 21st Century has been recently published by Cato.
Should one write a book opposing the ideas of another? It would be (...)

Efficiency and productivity of tax courts
by Roberto Ippoliti and Giovanni B. Ramello

WP 2016-04. Executive Summary
The key requirement for economic prosperity is the rule of law. In turn, a critical component of the rule of law is an effective judicial system, which is also responsible for the enforcement of contracts and for settling disputes in the presence of unexpected (...)

New Policy Paper Available: Taxing corporations: why it is not only bad, but unjust
by Pierre Bessard and Fabio Cappelletti

New Policy Paper Available: Taxing corporations: why it is not only bad, but unjustOur latest Policy Paper is now available.
Taxing corporations: why it is not only bad, but unjust by Pierre Bessard and Fabio Cappelletti (Liberal Institute, Geneva, Switzerland).

Taxing corporations: why it is not only bad, but unjust

In recent years the issue of how much taxes corporations pay (and how much they should) has become extremely salient in Western countries. The attention to this issue has been mainly raised by news organizations on the corporate income tax paid by the subsidiaries of some major multinational (...)

A report on the IREF Workshop in London (6th June 2016)

A report on the IREF Workshop in London (6th June 2016)On Monday the 6th of June 2016 an IREF workshop in cooperation with St. Mary’s University took place in London. International academic presenters gave talks on their recent research articles, providing stimulating and interesting insights on issues that are at the centre of the IREF proposals. (...)

(Br)Exit Strategy

(Br)Exit StrategyIn less than a month, UK voters will be asked to express their intention to leave the EU in a referendum. The UK Prime Minister David Cameroon has strongly argued in favour of staying. However there is disagreement among Conservative MPs, and a few Ministers of his Government have spoken in (...)

The market for sex, human trafficking and the EU

The market for sex, human trafficking and the EUBack in 2014, several European countries started including the revenues from drugs and prostitution into their national accounting systems. These two sectors have several characteristics in common. First, the consumption of drugs and paid sex is usually considered an immoral activity from a (...)

Tax policies in Poland, Slovakia, and Bulgaria: sitting on a ticking bomb or catching up with the West?
by Spasimir Domaradzki

WP 2016-03. Executive Summary
The paper has now been published and can be accessed here.
After the end of communism, the countries of Central and Eastern Europe shared very similar challenges. Despite the different patterns of transition, the dominant model of “catching up with the West” (...)

The confluence of ideas and interests in the process of rent destruction: the case of UK tax policy 1979-1997
by Philip M. Booth and John Meadowcroft

WP 2016-02. Executive Summary
Most of the literature on rent-seeking and the size of government expenditure has focused on the mechanisms through which policy-makers gather the necessary majorities to justify and expand the role of the state, and thus increase tax pressure.
By contrast, the (...)

Tax evasion, intrinsic motivation, and the evolutionary effect of a flat rate
by Fabio Lamantia and Mario Pezzino

WP 2016-01. Executive Summary
The traditional literature on tax evasion frames taxpayers’ choices in terms of rather basic cost-benefit analyses involving the expected monetary return to tax evasion. Briefly put, individuals take action by considering the probability of being caught and the (...)

How fiscal policy of the 1400s created Industrial Revolution in the 1800s

How fiscal policy of the 1400s created Industrial Revolution in the 1800sThe Nobel-Laureate Douglass North passed away at the end of November. Though he didn’t specialise in fiscal questions, his analysis of institutions in early modern Europe reveals that actual fiscal choices about how to finance an army help to determine the fortunes and falls of European powers. (...)

No Schwexit, at least for now.
New developments in the land of the fiscally federal.

No Schwexit, at least for now.Switzerland may be known for low taxes, but that does not prevent it from redistributing them; richer regions subsidise the poorer ones. Now at least one paying canton is starting to protest against the arrangement. There really is a big difference between how much taxpayers in different (...)

Sugar taxation won’t work and anway, there’s a better way.

Sugar taxation won't work and anway, there's a better way. The UK government has been watching Jamie Oliver’s TV shows and now wants to implement his plans for a new tax on sugar. The Commons‘ Health Committee has reported its overwhelming support for the idea at the end of November. Other than arguments that such taxes are “good per se“ because they will (...)

UK government is wrong. 5p for plastic bags *is* a tax. And it’s badly designed.

UK government is wrong. 5p for plastic bags *is* a tax. And it's badly designed.At the beginning of October, England became the last constituent part of the United Kingdom to introduce a compulsory charge for plastic shopping bags (to be paid by the shopper), after similar taxes had been introduced in Scotland, Wales and Northern Ireland in previous years. The relevant (...)

EU has given a new meaning to the idea of "Fair Taxes"

EU has given a new meaning to the idea of "Fair Taxes""Fair tax(es)" is a beautiful idea everybody wants to subscribe to. Including, of course, modern EU politicians. Their idea of "fair tax", however, differs very much from the way in which people understood the concept in the past.
It is no longer about making sure the tax is fair to the (...)

Next tax on the menu in the EU: tax on meat.

Next tax on the menu in the EU: tax on meat.The imagination of EU governments to come up with new kinds of tax is apparently inexhaustible. Tax on meat is now being prepared, as an answer to alleged “problems” with meat production and consumption. But taxes are generally bad solutions to “problems”, especially when those problems are created (...)

Just How Do Greek Taxes Differ From the Rest of the OECD?

Just How Do Greek Taxes Differ From the Rest of the OECD?If it wasn’t obvious already, Greeks do their taxes differently.. They rely more than is customary in OECD on the less visible taxes of VAT and Social Security. Income tax revenue (from people and companies) is much less prominent. If they are risking a lot less, it time to try to actually lower (...)

Hungary vs. Czechia: new taxes discriminate and favour big business

Hungary vs. Czechia: new taxes discriminate and favour big businessNew retail tax in Hungary discriminates big business, which just happens to coincide with the finance minister’s nationalistic interest. New retail tax in Czechia favours big business, which just happens to coincide with the finance minister’s business interest. Curious thing, (...)

It’s almost official. Bitcoin will be VAT-exempt in the EU

It's almost official. Bitcoin will be VAT-exempt in the EUYou’ve heard of Bitcoin. Is it primarily a currency or a service?
Its users probably could not care less; for many it will be both. Yet a distinction is necessary. Why? Well, taxes, of course! What else?
If it is primarily a currency, buying or selling bitcoin (exchanging it for your (...)

Greeks hate it when people actually pay their taxes
Are Germans the redeemer or destroyer of the Greek tax system?

Greeks hate it when people actually pay their taxesTwo recent stories from Greece reveal very different treatments of Germans paying taxes in Greece – depending on whether they are people or corporations.

Social policy cannot pursue social good, says the ECJ

Social policy cannot pursue social good, says the ECJSo you thought you could have your cake and eat it. That you reduce tax on something which has benefitial implications for a disadvantaged social group, saves resources and is good for the environment. Think again, says the EU Court. Your young ones are, apparently, not a legitimate aim of (...)

Greece cannot save itself by taxing exports
Summer in Greece? Silly taxes ahead.

Greece cannot save itself by taxing exportsIn all epochs, exports were almost always considered good for an economy. That’s why modern governments have generally stayed away from trying to tax exports. Not so the current Greek government, however. By increasing the tax rate on a vital component of Greek exports it is hoping to raise some (...)

Low labour taxes – less unemployment

Low labour taxes – less unemployment An age-old phenomenon: Some unemployment exists and politicians want to fight it by creating conditions for new jobs. The usual recipe involves expanding government spending and investment programs. Figures for OECD countries show that places with low taxation of labour tend to exhibit low (...)

6 reasons to worry about inconclusive UK election
Political instability tends to worsen national debt

6 reasons to worry about inconclusive UK electionUK might not get a single party government after next month’s election. Again. Moody’s are not worried about the consequences for government finances. They probably should be.

Have you paid your tax? Belgian taxman won’t believe you.

Have you paid your tax? Belgian taxman won't believe you.In the Middle Ages in the Middle East, merchants and travellers would sometimes have a proof of having paid their tax tattooed on their necks, to prove that they don’t have to pay again. Modern EU has devised a less painful alternative – a “Portable Document A1”. It is automatically recognised (...)

Actual business tax? Almost half of profits in almost half of EU
Businesses pay a lot more than just corporate income tax.

Actual business tax? Almost half of profits in almost half of EUThe impression from media is that companies pay “only” somewhere around 20-30% tax rate in the EU, if they pay at all. That’s only the headline figure for one tax they pay. Total tax rates are well over 40%, French businesses pay 2/3 of their profits in tax. What’s worse, the big economies of (...)

EU’s complicated tax forms, measured

EU's complicated tax forms, measuredBusinesses both pay taxes and collect them from others for the government. How administratively burdensome is this activity across the EU, North American and EFTA? We assess the evidence and identify, whether it is the frequency of filing or complicated tax returns that (...)

Text in e-books is irrelevant, says highest EU court

Text in e-books is irrelevant, says highest EU courtThe European Court of Justice (ECJ) ruled last Thursday that e-books are not allowed to enjoy the lower VAT that “normal” books enjoy in some EU states, and that they have to be taxed at the standard (much higher) rate of other goods. The ECJ’s justification sounds strange and very (...)

The new Greek (Secret) Tax Police

The new Greek (Secret) Tax PoliceIf you are playing for time, you have to swamp your creditors with proposals how you are going to improve. “This time it’ll work, honest, guv.” So the Greek government is now proposing a secret tax police, where ordinary citizens would be wired with cameras and microphones to catch tax evaders. (...)

Planned Obsolescence: a tax with strange effect on economy

Planned Obsolescence: a tax with strange effect on economyThe French government is hoping to help consumers – and increase growth – by making it illegal to manufacture products with artificially shortened lifetime. We argue that proving such case will be nearly impossible in modern technology and the ban will act as a tax, with consequences even worse (...)

Economic freedom down in Eurozone, up in non-Euro countries

Economic freedom down in Eurozone, up in non-Euro countries9 EU countries have not adopted the Euro, 19 have. Both groups include similar proportions of countries with high, medium and low levels of economic freedom. However, IREF’s investigation of what has been happening to economic freedom in the two groups reveals significant differences. While (...)

The Effect of Tax progressivity on the quality of entrepreneurship
by Mina Baliamoune-Lutz and Pierre Garello

WP 2015-01. Executive Summary
Does progressive taxation on corporate income discourage entrepreneurship? At first glance, the answer seems in the positive, since as tax pressure on business increases, business activities become less profitable and, therefore, less attractive. On the other (...)

Financial Transaction Tax cannot deliver

Financial Transaction Tax cannot deliverFree movement of people, capital, goods and services across national borders. Those are, allegedly, the pillars of European integration. One of them, the free movement of capital, crossed swords twice this week with EU policy makers convened at the regular meeting of financial ministers. It (...)

Increasing Tax Withholding? Bad Idea

Increasing Tax Withholding? Bad Idea"In order to prevent tax fraud, income tax withholding should be increased so that governments over-withhold and most taxpayers receive a refund." This is the policy prescription in a new research about to be published. We argue that this conclusion is wrong. The authors have not proven the (...)

November’14 Assessment of Commision’s Legal Action

November'14 Assessment of Commision's Legal ActionEvery month, the EU Commision starts dozens of legal actions against Member States for non-compliance with EU law. We evaluate the November crop of fiscally-related cases. While 2 such actions are generally a good idea, 4 are a bad idea, reducing EU citizens’ opportunities for an efficient and (...)

Are tax cuts always necessarily good?

Are tax cuts always necessarily good?Tax cuts are pretty rare in the real world. When they do happen, they tend to be very partial, offering unjust advantages to a specific group. But even broader tax cuts can paradoxically do much harm. Using Italy as an example, this piece argues that when tax cuts lead to greater debt, they (...)

Swede dreams
What happens when high tax rates drop

Swede dreamsHow do you pay for increased government spending on education, health care and social services? By lowering the tax rate, of course… Wait, what?! Oh indeed. A new report on Swedish fiscal developments over the last dozen or so years shows what’s possible to achieve when a country tries to shake (...)

“Water Tax”, the Ire of Ireland

“Water Tax”, the Ire of IrelandIt is becoming a pattern. Another weekend, another 100,000+ protest against a new tax. Only not Hungary and tax on the internet, but Ireland and “tax on water”.
At least that’s how many media are reporting it. ABC runs with the headline "Marchers Protest Ireland’s New Tax on Water Supply", RT (...)

Taxing the internet – is Hungary leading the way?
8 myths busted

Taxing the internet – is Hungary leading the way?Large demonstrations took place over the weekend in Hungary. Somewhat unusually, people were not protesting against spending cuts, but against a new tax. A targeted tax on internet traffic. The issue of taxing this new paradigm of our lives will not go away anytime soon. As a companion to your (...)

Deutschland Wages Über Alles
Minimum wage is a tax on those who create jobs

Deutschland Wages Über AllesGermany’s minimum wage has been created at a pretty high level, higher than its equivalents in the UK or the US. Increasing the price and reducing the quantity of an economic activity it acts as a tax. A pretty unsocial one as it destroys jobs for the poor and punishes those who create them. (...)

New EU members banned from zero
Dawn of Zeroastrianism?

New EU members banned from zeroIn 2006, the EU outlawed the zero, banning it from VAT rates of member states. Within two years the zero struck back. It now rules supreme in at least three economic areas, but in the tax domain it continues to be banned. Any newcomers to the EU will be hit especially hard. Why would anyone (...)

5 ways of responding to financial crisis

5 ways of responding to financial crisisMost companies were hit hard by the freezing up of financial markets after 2008. Governments responded selectively – by selective tax cuts and subsidies, but they could have more meaningfully “help” everyone, not just big companies, by lowering corporate tax rates. Did they? IREF investigates, and (...)

Textbook guru: “Scrap corporate taxation!”
Why is anyone against it?

Textbook guru: “Scrap corporate taxation!”A famous economist, author of even more famous economics textbooks, is calling for an end to corporate taxation. Not because he has been bought by the corporate world and multinational companies, but because it makes economic sense. Perhaps most surprisingly – it should make sense even to (...)

Silly season of silly taxes

Silly season of silly taxesThe media world calls Summer “the silly season”. When politics takes summer break, it is time to roll out the “silly stories” to fill the media. Not this year. Politics strikes back and rolls out silly taxes on media. Hungary’s ruling party introduced a new tax on advertising revenues of up to 40%. (...)

If you’ve won Wimbledon recently, read this.
Key to post-Wimbledon life? Lose the key!

If you've won Wimbledon recently, read this. Carrying keys on your person is dangerous if you are a Wimbledon champion, tax authorities will charge you heavily for such audacity. At least one EU government’s budget apparently relies on its citizens winning the Wimbledon. And it encourages envy. If successful sports-people representing (...)

Strange property of property tax: an Irish tale

Strange property of property tax: an Irish taleDesperate times call for desperate measures. European governments cannot raise enough tax to cover their spending. Ireland has even been forced to adopt what economists generally consider the least distortive tax feasible. That is good (considering the alternatives), but its execution leaves (...)

The Sol y Sombra of one sombre tax reform by los sombreros

The Sol y Sombra of one sombre tax reform by los sombrerosSpanish government has just announced it will cut some taxes. The actual cut will not come until early next year, and just like a Spanish rodeo arenas, it has a sunny and a shady side to it. The sol is the riddance of tax breaks. The sombra, however, is ushered by the EU pressing for higher (...)

The Invisible Tax Riseth

The Invisible Tax RisethStalin said: No man – no problem.
EU governments’ tax policies are following suit. Shifting taxes onto a man who does not (yet) exist is one way of solving problems. Are governments also subtly changing existing taxes into less visible ones? Is this a more humane form of “No man protesting – no (...)

Race to the bottom? What race?

Race to the bottom? What race?Tax harmonisation in the EU is pursued in order to prevent competitive lowering of tax rates, an alleged race to the bottom. What race?, IREF asks. Taxes are an ever increasing (at best stable) portion of GDP, and have been for (...)

28 Shades of Grey
Gross domestic product is getting more gross

28 Shades of GreyProstitution is going to enter official Italian GDP figures, allegedly to help the government meet its fiscal targets... The story went viral.
IREF brings you the real story beyond the headlines. Prostitutes in GDP are perfectly normal, everywhere. It’s the way that we measure our governments’ (...)

Does turnout affect fiscal policy?

Does turnout affect fiscal policy?How economics - and the fiscal cycle - affect voter turnout is a richly studied question. But what about the other way? Can turnout - how many or few voters turn up to vote - affect the fiscal situation in the following period? IREF investigates and finds that people simply going and voting can (...)

Geographic Distance from Brussels Matters

Geographic Distance from Brussels MattersVoter turnout at the latest European Parliament election is much debated. Many countries saw further drops compared to last EP elections in 2009, fuelling concerns about widening democratic deficit. Beyond the general facade, IREF discovers an interesting geographic pattern in the turnout (...)

Basic income is not so basic after all

Basic income is not so basic after allNobody likes poverty. But how do we end it? Suppose we give everyone some money. This will automatically include the poor, we don’t have to identify them, problem solved. Is it doable? Will anyone still work, create new ideas, write poetry, love?
The answer depends largely on how basic the (...)

Just How Unequal Would We Still Be If We Were All Equal?
Distribution Of Wealth Over The Life-Cycle And Inequality

Just How Unequal Would We Still Be If We Were All Equal?Suppose we had a society where the only difference among its members were their age. How unequally would wealth then be distributed?

March’14 Newsletter: A Questionable Recovery

March'14 Newsletter: A Questionable RecoveryThe quality of the recovery remains questionable. In the meanwhile, banks must deal with new regulation and investors look for higher yields.

Obama The Ultimate Survival Guide
A Book By Wayne Allyn Root (Regnery, 2013)

Obama The Ultimate Survival GuideUltimately, how to resist the Obamamania that is ruining the United States?

Corporate Tax: Northern Good Practices

Corporate Tax: Northern Good PracticesIt is not forbidden to former socialist countries to reduce the weight of the state and drastically reduce taxes, especially on businesses. This was done in Sweden and Denmark, where unemployment is lower than in France .

January’14: Confidence Rises and Inflation Stays Low. Is Everything Under Control?

January'14: Confidence Rises and Inflation Stays Low. Is Everything Under Control?The statistics tell us that recession is over. Yet, while this has triggered tapering in the USA, it has also prompted a new of ECB promises to keep interest rates low. In the meantime, EU authorities do not seem how to deal with the world of banking, which is far weaker than meets the (...)

December’13 Newsletter: Growth Is Fragile, But Banks Might Be In Better Shape

December'13 Newsletter: Growth Is Fragile, But Banks Might Be In Better ShapeGDP in the EU area seems to be growing, but at a very slow pace. Although financial market remain sanguine, the real estate sector presents a mixed picture, with bad news coming from heavily indebted countries. While waiting for better news, the authorities are devoting their attention to the (...)

More Taxes, Less Revenues
The Laffer Effect Has (Also) Arrived In France

More Taxes, Less RevenuesThis long-debated concept by policy makers and economists is coming back. That is because the Government believes that prosperity cannot be recovered without a strict “austerity policy”. But it actually means higher taxes only. Yet, the latest concerns of the French National Assembly on a (...)

UK Corporate Tax: From 26% to 20% In 2016

UK Corporate Tax: From 26% to 20% In 2016As shown in the Report of the IREF on Taxation in Europe, many countries have lowered their corporate tax. The UK is among them. The corporate tax will gradually decrease: 23% in 2013/14, 21% in 2014/15 and 20% in 2015/16.
It must be an example for countries as (...)

US Tax Exile: 1130 US Citizens Gone

US Tax Exile: 1130 US Citizens Gone1,130: here is the number of Americans who gave up their citizenship and left the US territory. Taxation made them leave.
Who said the US was a tax haven? It is true that tax pressure on individuals and companies is much lighter than in France. Furthermore there is a real tax competition (...)

The effects of fiscal decentralization on working hours: does it matter which government level taxes and spends?
by Alexander Fink

WP 2013-07. Executive Summary
The traditional argument in favour of decentralization focuses on tax competition and on the quality of public expenditure. In a sentence, it is argued that a decentralized environment enhances the policymakers’ accountability and thus restrains abuse. The (...)

Violence and Absurdity of French Anti-Wealth Ideologists

Violence and Absurdity of French Anti-Wealth IdeologistsAttacks against wealthy people are still going on in spite of the fact the Welfare-State is plundering taxpayers. In a recently published book, sociologists – I should say ideologists – Michel and Monique Pionçon-Charlot are criticizing those they call "deliquents". No, wealthy people are not (...)

110 Billion Euros Waste: The Cost Of Inefficient French Government’s Assistance to Companies

110 Billion Euros Waste: The Cost Of Inefficient French Government's Assistance to CompaniesThe French Government supporting private companies thanks a system of financial assistance: what an economic heresy! Yet, over the last thirty years, it has become the creed for French Governments, whether conservative of leftist. Four figures are to be pointed (...)

The Making of Tax Hell… And The Escape of Entrepreneurship

The Making of Tax Hell… And The Escape of EntrepreneurshipWhy would you stay in a country where there are more than 200 types of taxes? And in which taxes are piled up and never removed. If French President François Hollande and his government want to fight against tax havens, French taxpayers and entrepreneurs are battling against the daily tax hell (...)

7.5%: Portugal’s New Corporate Tax

7.5%: Portugal's New Corporate TaxCompetitiveness is embedded in the private sector. Employment is created only the private sector. Wealth increases through the private sector. No public intervention can manage to replace the private sector, no Government know how to make business and money. As a consequence, the real economy (...)

American States Are Tax Decrease Laboratories

American States Are Tax Decrease LaboratoriesIn a recent post, Nicolas Lecaussin is pointing out that tax consequences can be studied as in a lab: some American States can be observed. Taxes were lowered in thirty States. If they gather only 20% of the US population, they have created 65% of US (...)

Effects of taxation on European multi-nationals’ financing and profits

Effects of taxation on European multi-nationals' financing and profitsThe new IREF paper of Stefan Lutz, from the University of Manchester, UK, and the Universidad Complutense de Madrid, Spain, points out that if it is apparent that companies do not welcome taxation, the main reason is that taxes reduce profits: shareholders are disappointed and the prospects for (...)

Less Taxes and More Pragmatism Against Tax Havens

Less Taxes and More Pragmatism Against Tax HavensHere is a new and big campaign against tax havens. But tax exile will last as long as confiscatory and arbitrary taxes will last. It is the case in France. Should not a tax amnesty be proposed? The IREF is making the proposal that all sorting out that has begun this year should reach an (...)

France is doomed

France is doomedNicolas Lecaussin analyzed the French President François Hollande’s interview on March 28 on TV. Nothing has come out of it: no reform, no tax decreases, no incentives. On the contrary, as Nicolas Lecaussin pointed out, François Hollande "stubbornly continues on the path of tax hikes and proposals (...)

The Welfare State and The Individual Responsibility
by Sergio Beraldo, Massimiliano Piacenza and Gilberto Turati

WP2013-01. Executive Summary
This working paper explores the notion of personal responsibility by considering people’s attitude towards redistribution. In particular, the authors run a controlled experiment by offering a representative group of people the possibility of choosing a proportional (...)

Denmark: Corporate Tax Brought Down

Denmark: Corporate Tax Brought DownNicolas Lecaussin has pointed out in a recent article that, after Germany, the United Kingdom, Sweden and Finland, Denmark is also bringing down its corporate tax: 22% whereas France still is at 34.4%. But there is more: this measure is included in a “growth plan” aiming at giving more freedom to (...)

Pay Slips: 6 lines in Germany, 20 lines in France

Pay Slips: 6 lines in Germany, 20 lines in France6 lines against 20! In Germany, the gross salary is taxed by only few contributions (tax on salaries, solidarity, pension fee, Church). It was understood that flexibility is much more efficient with a fiscal and regulatory simplification.
In France, it is the exact opposite. The French pay (...)

Fiscal Exodus or Fiscal Competition

Fiscal Exodus or Fiscal CompetitionGilles Hennesy, an LVMH director who is executive vice-president of commercial at Moët Hennesy, and Christophe Navarre, chief executive of Moët Hennesy, are both moving to London. Bernard Charlès, chief executive of Dassault Systèmes, declared that some Dassault’s top managers already from France to (...)

The Patriotic Tax Incentive

The Patriotic Tax IncentiveDiesel cars should eventually disappear in France. According to the French Court of Auditors (Cour des Comptes) the fact that gas oil is less expensive than regular unleaded gas causes a loss of 7 billion euros for the Government. Things must change. Yet, it is not that easy: 60% of the French (...)

Taxing In and Out Of France

Taxing In and Out Of FranceFighting tax exile: this is Yann Galut’s aim. This French Socialist representative is at the head of a Committee created in the National Assembly to think out measures against tax exile. The work of this committee should end up in bills introduced in the Parliament as soon as (...)

What’s Next On The Fiscal Trend?

What's Next On The Fiscal Trend?The IREF’s aim is to defend and promote economic freedom and fiscal competition. Our aim goes against the OECD’s last study that was commissioned by the G20 and called “Addressing Base Erosion and Profit Shifting”. It will be presented on February 15th at the G20 Summit in Moscow. The OECD claims (...)

Google vs. French taxes

Google vs. French taxesBy Alexandre Diehl, Lawyer and IREF research Fellow
For the past few weeks, and as Google has announced “bad” results on the financial markets, the media are gurgling with strange and technical news on a possible tax audit for the company. What is going on? Has Google broken the law, or are the (...)

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