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  • Some say that digital currency is the future

    Some say that digital currency is the future

    Kitty Miv, Editor

    10 May, 2017

    Whether one agrees with the idea that tax competition is economically beneficial or not, it is clear that certain countries and organizations are attempting to suppress it, notably the OECD and the European Union...
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    Tags: Euro | Gambling | Law


  • Systematically Destroying Europe's Competitive Advantage

    Systematically Destroying Europe's Competitive Advantage

    Kitty Miv, Editor

    31 Jan, 2013

    As an ex-conference organizer myself, I can only eat my heart out at the franchise that Klaus Schwab has constructed on a snowy Swiss mountain; but now, as a humble journalist, I have to thank him for his annual newsfest. This year, the best moment may have been David Cameron's carefully calculated challenge to the EU. Let's leave aside the ritual attack on corporate tax avoidance; by now it's about equivalent to saying grace before a meal, and about as effective, some might think. More important is that he has been brave enough to throw down the gauntlet to the mad dogs of Brussels, who are systematically destroying Europe' competitive advantage, and need to be stopped. Of course everyone says that he is doing it for selfish political purposes, but it can happen that politics, national advantage and economic sanity may inhabit the same place at the same time; and that's the role that the UK can play in the next five years, if Cameron sticks to his last.
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  • SME's represent 90% or more of all companies

    SME's represent 90% or more of all companies

    Kitty Miv, Editor

    24 Jan, 2013

    Singapore has had a good week, being named the world's most dynamic country in a Grant Thornton survey, while it continues to try to help its SMEs to take advantage of the generous tax breaks available through its Productivity and Innovation Credit. Many countries pay lip service to the need to encourage their SMEs, while continuing to strangle them with regulation and taxation. Figures continually show that SME's represent 90% or more of all companies and generate all of or even more than total net employment. That's to say, bigger companies actually lose jobs overall.
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  • The Gipper is smiling knowingly from his cloud

    The Gipper is smiling knowingly from his cloud

    Kitty Miv, Editor

    06 Dec, 2012

    Back on the "less is more" theme, there is another proof of it this week in Austria, which has increased its corporate tax take by 20% after cutting the tax rate by 30%. The Gipper is smiling knowingly at this from his cloud, although his successors on the Hill don't seem to have learnt the lesson, and most governments find it just too counter-intuitive to be possible. Companies are run by people, and many of their shareholders are people too: people are humans and suffer or benefit from human nature, usually both at once, and human nature is to resent being over-taxed.
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  • Cut Their Own Bloated Payrolls

    Cut Their Own Bloated Payrolls

    Kitty Miv, Editor

    13 Sep, 2012

    Although this column is never in favour of new or increased taxes (because what governments should rather be doing is to cut their own bloated payrolls and electoral pork) I'm pleased to see that Ireland is ignoring the IMF's advice on property tax and going with a lower figure for its new real estate tax. The IMF, like the OECD, long ago lost its mildly useful role, in the case of the IMF as a corrective institution for wayward governments. When was the last time that a spendthrift finance minister had to turn back at the airport from yet another international jolly in order to meet his stern-faced IMF task-masters? Now all they do is to recommend governments to tax more and more and more. We'd be better off abolishing both the IMF and the OECD and starting with a clean sheet of paper.
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