In which country would you live best? In France, amid interventionist politicians and cocooned by a Big Government? Not at all… The last OECD data about the well-being in the…
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 that “global solutions are needed to ensure that tax systems do not unduly favour multinational enterprises, leaving citizens and small businesses with bigger tax bills.”
An old American joke has it that hell is where the Swedes are in charge of entertainment. But the last laugh in fiscal policy matters in Europe will probably go to Swedish legislators as they vote for implementing a reduction of corporate income taxes (CIT).
The Coalition for Tax Competition asked members of the US Congress to cut the $100 million taxpayer subsidy to the Organization for Economic Cooperation and Development. Citing the OECD’s record as an opponent of tax competition, the letter released by the coaltion argues that US taxpayers should not be funding an organization which works against their interests by promoting a statist agenda.
More than 100 member countries representatives participated in the annual meeting of the Global Tax Forum in Bermuda. The Global Forum is charged with the monitoring and peer review of the implementation of the standards of transparency and exchange of information for tax purposes. It became notorious with the publication three years ago of grey and black lists of alleged “tax havens”.
This is the cumulated budget deficit of the OECD countries in 2010. On average, it represents 7.5 GDP points.
Singapore will host tomorrow the Global Tax Forum 2010. According to Dan Mitchell from the Center for Freedom and Prosperity, the OECD will attempt there to promote a project against tax competition. This project received a boost when the Obama Administration joined forces with countries such as France and Germany, but the tide is now turning against high-tax nations – particularly as more people understand that such an approach inevitably leads to Greek-style fiscal collapse.
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.