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Opinion: Harmful attempts to plan and regulate the global economy
Governments’ tendency to overtax the economy, overregulate it and misallocate resources by subsidizing losers, has been hurting economic growth, innovation and competitiveness in many parts of the world, including Europe. Now, officials are discussing novel ways to introduce such disastrous practices on the global level. Their excuse is an alleged need to tax internet companies more and block cryptocurrencies.
Stable Uruguay has developed-nation aspirations
The citizens of middle-income Uruguay want living standards typical of more developed countries, and have elected Luis Lacalle Pou as president to achieve that goal. First on the new leader’s agenda is righting the economy and reducing crime. Improving his country’s competitiveness will also help, but he must navigate a ...
Learning the lessons of wasteful education spending
The OECD’s recent education scores underline once again how poorly schools are educating today’s youth – even despite significant spending increases. The results will probably spur further calls for more education funding so that students can stay in school even longer. Doing so, however, may not necessarily give students better ...
Taxing the digital economy
An ongoing international effort to rewrite the global tax rules for the digital economy would be a dramatic shift with potentially damaging consequences. Fear of countries unilaterally levying their own digital taxes has led to an alternative at the OECD, motivated by both fiscal and political factors. The new proposal would abandon the ...
GIS Dossier: Tax reform vs. harmonization
Political elites around the world are calling for higher taxes, as well as more centralized, unified systems to ensure as much as possible is collected. Yet populations are increasingly raising the alarm about overly complex or onerous taxes. For years, GIS experts have explained why moves toward higher tax burdens ...
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