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Embarrassment Alert: America’s Tax System Ranks Below Italy, Greece, and Mexico

I’ve complained over and over again that America’s tax code is a nightmare that undermines competitiveness and retards growth. Our aggregate fiscal burden may not be as high as it is for many of our foreign competitors, but high tax rates and poor design mean the system is very punitive on a per-dollar-raised basis. For […]

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Policy Makers Should Make the Tax System Better rather than Banning Corporate Inversions

One of the worst things about working in Washington is that it’s so easy to get frustrated about the fact-free nature of political debates. For instance, there’s now a big controversy about companies “re-domiciling” or “inverting” from the United States to lower-tax nations such as Ireland and Switzerland. This should not be controversial. Unless, of […]

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More Companies Escaping America’s Masochistic Corporate Tax System

Last August, I shared a list of companies that “re-domiciled” in other nations so they could escape America’s punitive “worldwide” tax system. This past April, I augmented that list with some commentary about whether Walgreen’s might become a Swiss-based company. And in May, I pontificated about Pfizer’s effort to re-domicile in the United Kingdom. Well, […]

Continue reading More Companies Escaping America’s Masochistic Corporate Tax System

More Companies Escaping America’s Masochistic Corporate Tax System

Last August, I shared a list of companies that “re-domiciled” in other nations so they could escape America’s punitive “worldwide” tax system. This past April, I augmented that list with some commentary about whether Walgreen’s might become a Swiss-based company. And in May, I pontificated about Pfizer’s effort to re-domicile in the United Kingdom. Well, […]

Continue reading More Companies Escaping America’s Masochistic Corporate Tax System

Sensible Swiss Voters Crush Proposed Minimum Wage Mandate

I’m beginning to think that people from some nations are smarter and more rational than others. That may explain, for instance, why voters in Estonia support fiscal restraint while voters in France foolishly think the gravy train can continue forever. But I’m not making an argument about genetic ability. Instead, what I’m actually starting to […]

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Should Companies Do What’s Best for Government, or Should They Do What’s Best for Workers, Consumers, and Shareholders?

I’m in favor of free markets. That means I’m sometimes on the same side as big business, but it also means that I’m often very critical of big business. That’s because large companies are largely amoral. Depending on the issue, they may be on the side of the angels, such as when they resist bad […]

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