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.
Companies & Regulation
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…
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.
The annual report of the World Bank is announcing a record level of the number of business regulation reforms in the world. Between June 2008 and May 2009, 287 reforms were recorded in 131 economies, 20% more than the year before.The good news are that “reformers focused on making it easier to start and operate a business, strengthening property rights and improving the efficiency of commercial dispute resolution and bankruptcy procedures”, as one can read in the report. Eastern Europe was one of the more active regions. Here is the ranking of the 27 European countries:
This article appeared in The Wall Street Journal on February 24, 2010
In the 20th century, we often heard the maxim, “the war is the health of the state.” In the 21st, fear has become the health of the state. We are encouraged to fear all manner of things—for our finances, for our health, for the planet. But the solution—more power to the state—is always the same.
News
Unscrupulous governments are eager to take advantage of public apprehensions to claim more power for themselves and take away our freedoms.
by
IREF
This article appeared in the Wall Street Journal on February 24, 2010
The renewed interest in Fannie Mae and Freddie Mac is premature. They are currently the mainstays of the U.S. housing market–more important now than they were before being placed in a government conservatorship in September 2008. Many observers do not believe the two government-sponsored enterprises (GSEs) can survive the immense losses they will cause taxpayers, but this is far from true.
The Obama administration has just proposed a new fee — otherwise known as a tax — on the country’s largest financial institutions. The tax aims to recover the difference between the bailout funds provided to these institutions a year and a half ago and the amounts ultimately returned to the Treasury. In so doing, the tax will allegedly reduce the federal deficit by some $90 billion.
