tax
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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.

Opinion: The OECD’s problematic global tax ‘standard’
The OECD’s global standard for the Automatic Exchange of Information (AEOI) in tax matters is far less global, standardized and automatic than its name suggests. It is structured so that countries tend to apply the rules bilaterally, leading to a complicated web of regulations that the “standard” was designed to ...


The EU’s failed financial tax: good and bad news
Negotiations on a proposed tax on financial transactions in the European Union have stalled. The so-called “Tobin tax” is unlikely to come about in any meaningful form across the bloc. But its defeat also demonstrated the failure of the EU’s “enhanced cooperation” procedure, which could have provided a useful model ...


India’s push for land reform needs people power
Poor property records have proven a major obstacle to economic development in India. Their slipshod quality leads to property disputes, corruption and social problems. Numerous Indian government initiatives to digitize these records have had mixed results. But authorities will have to look beyond IT solutions – empowering citizens and eliminating ...


Saudi Arabia’s economic reform
Saudi Arabia has come up with a new strategy to diversify its oil-dependent economy. It would be easy to dismiss the McKinsey-endorsed plan as another paper scheme that will soon be forgotten. But with climate change and demography working against them, this time the Saudis may be serious.
