Praise Be to Tax Competition!

January 31, 2006 7:30 AM by Richard Teather

Tax competition occurs when a government uses its tax system to try to attract capital, business activity, or wealthy individuals from other countries. For a supporter of Misesian theory, any mechanism that puts pressure on governments to lower taxes has to be good news. The historical trend is for taxes to increase, and anything that helps counter this will be beneficial. FULL ARTICLE

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