The last statistics from the OECD are unequivocal: the unemployment rate in France is and has always been well above the average for the OECD countries and also above the average of countries from the euro zone. This is a proof that the State is not the solution for unemployment.
This is the name of the paper from Bruce Yandle that you can read in the last issue of Cato’s Regulation. In the surrounding flood of new taxes, Bruce Yandle is addressing the question of whether the intention behind them is to correct “market failures” as pollution, obesity, financial speculations and so on, or to simply raise revenue for a deficit-plagued government.
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Recently published official data on 2009 economic growth are showing disparities among EU countries
Last week, Eurostat published the statistics on GDP growth for 2009 and it is without surprise that we read in the data a slowing down of economic growth for OECD countries. The average decrease in GDP points for EU countries is -4.2%. But this average is hiding some astonishing disparities.
The Debt Clock will tour around the whole country, stopping off at national landmarks and key cities to raise awareness of the national debt amongst the taxpayers who will have…
69% is the annual growth estimated by Standard and Poor’s, one of the leading agencies for ratings. This is the sharpest rise of S&P 500 index (which is estimating the…
Traditionally in France the rich are suspected to be responsible for every bad thing happening within the economy. The current crisis is no exception to the rule and many voices are heard saying that the rich should pay more taxes to redeem themselves from their sins that brought the crisis.
In the Boston Tea Party (Dec. 1773) local patriots dressed as Mohawk Indians and dumped the containers of tea into the harbor. The British parliament had passed the Tea Act to establish officials in major American cities to collect the new tax on tea (Americans had been buying tea from Dutch merchants outside of customs). The English East India Company had gained control of Bengal, and in taxing it caused a famine which destroyed the income of the company and depressed the stock value in which many members of parliament had invested.
We are delighted to announce that the French government definitely abandoned the project to ntroduce a carbon tax. This decision came after the ruling of the Constituional Council at the…
Constant attacks on tax havens and hedge funds by some politicians and statesmen is at least inappropriate. As a matter of fact, it is thanks to “speculators” that we have learnt about the pitiful state of public finance in several states (for example in Greece). On the other hand, international financial markets are the unique source of liquidities for troubled States. This is the point of view of Nicolas Lecaussin, Director of Development at IREF.