Big government means high taxes
There is a growing myth that the rich are not paying their fair share in taxes and that the middle class is therefore overtaxed. This is not the case. High-income taxpayers across the OECD pay more than their share of the national income. The blame for heavy tax burdens in Western democracies lies squarely with the voters, who have consistently chosen larger government.
A differentiated view of the new U.S. tax bill
The Trump administration's long-overdue effort at tax reform – the Tax Cuts and Jobs Act – has gotten a bad rap from its critics. While they focus on its alleged favors toward the super-rich, the media have overlooked its benefits to small and medium-sized companies – the family firms that form the backbone of the American economy. Europe could learn a thing or two about this approach to boosting growth.
Opinion: The perfect tax (other than zero)
Tax systems are coming under increasing scrutiny in Western countries. Because governments do not like simple rules and transparency, they are most likely to support measures imposing more progressivity, including substantial levies on wealth, or adding value-added taxes on top of personal income taxes. But the simplest and fairest proposals would focus taxation on one activity – consumption – while keeping social solidarity on the expenditure side.
Ghana tries to balance its tax system for business and social needs
Since Ghana’s independence in 1957, its governments steadily reformed the country’s tax regime in the hope of spurring growth by developing an industrial base and an effective, sustainable system of financing social programs. Not all the schemes have worked as desired, but today Ghana is among Africa’s most stable and economically diversified states.
An unholy tax saga: Apple and the European Commission
The European Commission put itself on a shaky legal ground when it resorted to unfair competition charges to frame its attack against a tax deal between Ireland and Apple Inc. Disturbingly, the commission also has resorted to blatantly populist rhetoric to justify its action against a profitable company.
China’s growth puts wide-ranging tax reform high on Beijing's agenda
Communist China had no individual income tax before 1980 because personal earnings were so small. Today, in an era of high economic growth, its tax system is comparable with those in developed economies. But reform is inevitable - individual income tax comprised only 5.8 per cent of total revenue in 2012. Beijing must decide how to apply taxes not only to individua...