This does not mean an increase in overall taxation, but simply a substitution in each country of a pollution (carbon) tax for some current taxes. It makes much more sense to tax things that are bad, like pollution, than things that are good, like savings and work.

It makes much more sense to tax things that are bad, like pollution, than things that are good, like savings and work.

Countries could use the revenues as an alternative to other taxes it makes much more sense to tax bad things than good things.

Poor regions have a low base of economic activity to tax, which prevents them from investing in human and physical capital.

Saved by Taxes

Given lax fiscal discipline, the ECB will likely react with more monetary rigidity, pushing politicians, already enamored with the social state, to spend and tax even more.

But the power to tax has practical limits, and governments moral or legal right to bind future generations of citizens to repay foreign creditors is questionable.

Coalition members could also agree to provide stronger incentives to their own producers, through either more stringent caps on emissions or higher taxes on pollution. They could then agree to impose taxes on products from other countries including the US that are produced in ways that unnecessarily add substantially to global warming.

They could then agree to impose taxes on products from other countries including the US that are produced in ways that unnecessarily add substantially to global warming.

I wonder what the case with the tax is )

Rather than punitively taxing wealth, globalization strengthens the case for shifting to a flat tax on income (or better yet consumption) with a moderately high exemption.

Achieving equity through fiscal transfers can ensure a level playing field.

In the long run, wages would fall, and ordinary workers would end up bearing a significant share of the cost. More broadly, FTTs violate the general public finance principle that it is inefficient to tax intermediate factors of production, particularly ones that are highly mobile and fluid in their response.

More broadly, FTTs violate the general public finance principle that it is inefficient to tax intermediate factors of production, particularly ones that are highly mobile and fluid in their response.

As developing countries and emerging markets open themselves to multinationals, it becomes increasingly important that they can tax these behemoths on the profits generated by the business that occurs within their borders.

Indeed, the politics of stock markets does not stop with taxes.

The income from this source is tax free.

Of course, the Treasury which Robert Rubin came to lead was vital early on in the Clinton administration in countering the spend and tax happy liberals on the Clinton White House team.

In these cases, government will have to provide incentives, or regulate and tax.

just as if he were calculating the value of a person by the taxes he pays.

Where and how would we tax the resources to put real weight behind egalitarian principles?

In a globalized world, national governments ability to tax potentially mobile factors of production is sharply circumscribed.

At the opposite end of the spectrum, Scandinavia is notorious among economists for high taxes and government spending.

This is a version of the fallacy that taxing companies ( capital ) spares ordinary people ( workers ).

Domestically keeps trying to tax us and raise the retirement age while squandering money abroad!!!

There could be an international agreement that every country would impose a carbon tax at an agreed rate (reflecting the global social cost). Indeed, it makes far more sense to tax bad things, like pollution, than to tax good things like work and savings.

Indeed, it makes far more sense to tax bad things, like pollution, than to tax good things like work and savings.

Denmark elected a center left government committed to higher government spending financed by new taxes on the rich.

This tax free jamboree of patriotism was ostensibly non partisan (otherwise it could not have been tax free).

Instead, companies hoarded vast cash reserves, mainly in tax free offshore accounts.

It artificially props up consumption growth and allows the government to defer hard choices between taxes and military expenditures.

But now Strauss Kahn is throwing cold water on proposals to tax international flows of hot money.

The Commission has finally agreed that Europe s financial sector has been under taxed.

They have no experience with bureaucratic power, ugly systems, heavy taxation and difficult living.

A new tax code was adopted, with lower and fewer taxes, notably a flat income tax of 13 .

Morales passed a constitutional reform that included changes in the conception and role of the state, private property, and management of natural resources and taxes.

Indeed, for the financial industry, the appeal of Paulson s proposal is precisely that it taxes the many and benefits the few.

Can he reform a state that undermines output by taxing producers and encourages idleness by increasing unemployment benefits?

Conservatives argued for a private sector driven economy, unfettered markets, low taxes, reduced government spending, and limited public goods.

The problem is not guns vs. butter, but guns vs. butter vs. taxes.

The real goal is to restrict governments ability to regulate and tax corporations that is, to restrict their ability to impose responsibilities, not just uphold rights.

Financial systems are bloated by implicit taxpayer guarantees, which allow banks, particularly large ones, to borrow money at interest rates that do not fully reflect the risks they take in search of outsized profits. Since that risk is then passed on to taxpayers, imposing taxes on financial firms in proportion to their borrowing is a simple way to ensure fairness.

But at least it doesn t tax poor countries, as rich country imperialists did until well into the twentieth century.

Since that risk is then passed on to taxpayers, imposing taxes on financial firms in proportion to their borrowing is a simple way to ensure fairness.

Indeed, for the financial industry, the appeal of Paulson s proposal is precisely that it taxes the many and benefits the few.