Tag Archives: taxation

Theoretical models of tax competition predicted already 30 years ago a so-called race-to-the-bottom, that is, a downward spiral that would lead to the elimination of taxes. Although we can observe a downward trend since the mid 1980s for taxation of mobile capital, the detrimental prediction of zero tax rates remained ...

The problem of tax evasion is at the core of much of the budgetary problems confronting Europe today. There is scarcely a German voter who hasn’t heard that if the Greeks and/or the Italians just paid the taxes they owe, these countries’ budget problems would vanish. Indeed, the cultural stereotyping ...