Nations Competing With Tax Cuts, Not Increases
Barack Obama’s election has elicited debate about whether he will drive America toward a European-style economy, one that is heavy regulated and relies on high taxation of the rich to redistribute income and finance generous government programs.
How ironic, then, that Europe itself is moving away from European-style taxation as part of a broader trend by developed and developing countries to compete more extensively for capital and talent. (RealCleartMarkets)
