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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Cogito who wrote (64534)	5/8/2008 6:39:30 PM
From: TimF	Read Replies (1) \| Respond to of 543167

the individual actually has to move out of the country to accomplish it, whereas the corporation doesn't. Technically the corporation does. But foreign corporations can operate in the US (and its a good thing they can). What your describing could be considered tax competition. Its one of the view ways to apply competitive pressure to governments. Its to bad that it is so hard for individuals to also create a competitive situation to drive down taxes, but the fact that we can't get this additional benefit, doesn't mean that half the cake is worse than none at all. -------------- Why Tax Havens Are a Blessing by Daniel J. Mitchell Daniel J. Mitchell is a senior fellow specializing in tax issues and author of The Flat Tax: Freedom, Fairness, Jobs, and Growth. Added to cato.org on March 17, 2008 This article appeared in Foreign Policy on March 18, 2008. cato.org "...The OECD logic is remarkable. The bureaucrats admit that tax competition is producing positive results. Heck, an earlier OECD report admitted that “the ability to choose the location of economic activity offsets shortcomings in government budgeting processes, limiting a tendency to spend and tax excessively.” Yet rather than celebrate tax competition as a liberalizing force, the bureaucracy wants to sanction and penalize jurisdictions with pro-growth tax systems." cato-at-liberty.org