Tax Competition: A Liberalizing Force in the World Economy

A mini-documentary by Center for Freedom and Prosperity Foundation that explains how international tax competition has led to better tax policy and better economic performance, but also warns that international bureaucracies are trying to rig the system against taxpayers by creating "an OPEC for politicians."
For more info: http://www.freedomandprosperity.org/

Category:

News & Politics

Tags:

• Tax
• competition
• oecd
• cf&p
• cfp
• Mitchell
• quinlan
• freedom
• prosperity
• flat tax
• freedom and prosperity
• harmonization

[coblin]

"Increasing taxes to reduce income inequality is like burning your house to bake a toast."

HAHA, I love this.

[BeatBandit]

100% agree, but the tone is all wrong.

What the OECD is doing is not just anti-American, it's also anti-European, anti-French, anti-German, anti-Chinese, etc.

It's proposing something that, if implemented, would be bad news for everyone.

[DonalLynchyou]

That gas station is not paying for your schools, infrastructure and Health Care.

Thatcher ruined Britain's manufacturing sector and Reagan (and Bush) smashed through Americas debt ceiling. Thatcher is hated in Britain but Reagan is hailed as a King.

France has amazing public amenities. Germany has a powerful manufacturing. Both are healthier the America. They all have similar GDP per capita but America lost it's triple A rating as they didn't raise their taxes.

[thisisbunk]

Notice he doesn't cover taxation for individuals. That would of course betray his advocation of Reagan and Thatcher. His presentation overall makes a powerful point, but the examples given are fodder for those who see libertarians as corporate defenders instead of the real purpose for which the political philosophy serves: to empower individuals.

[herbs814]

"harmful" tax competition?!? there is no such thing. only spoiled elitist control-freaks would think lower tax rates would ever be "harmful". To honest people, lower taxes are always better.

[mrwombator]

Wow, you really think that it is a failure of free economy? Man, you need to read... (books, not magazines) instead of watching TV.

[Surhotchaperchlorome]

True.

In all actuality, SSE and FM's also produce desirable results. They are also the same in that they both promote growth.

As stated in numerous videos on this channel, supply side = more incentive to be productive, as does the free market.

Also, SS typically means lower taxes, which is a component of economic freedom, according to the heritage foundation.

[shanklinmike]

IN all actuality, supply-side economics and free markets are on different ends of the spectrum. Supply-side economics uses central planning while free markets allow economic freedom. Supply-side and demand-side are more closely related to each other than either one is to free markets.

[Surhotchaperchlorome]

Most likely for a bit of both. :P

[grraadd]

Irish leaders were consulting their politics with M.Thatcher also cultural and religious changes made women available as workers what gave the boost for the economy.

Too bad that you can no more see those reforms in UK after years of labour in power. Knowing that Irish look at UK and USA for ideas there is not too bright future for Ireland.