A tax haven is any territory or country where there are low taxes or no taxes at all. For some people and many companies, they find that it is more economic and makes more sense to relocate to this area because they can save a considerable amount of money on their taxes. What this creates, [...]
Tax competition is a term you are going to be hearing a lot in the next few years. Low taxes create growth and prosperity; high taxes strangle it. Governments that take a larger share of their nations wealth cause businesses to fail, citizens to become unemployed, and economics to shrink. Governments that take a smaller [...]
Here at Fort Liberty, we’re big fans of small government. We don’t like bureaucrats and busybodies telling us what to do, and we don’t like being forced to pay them for the privilege. However, we are now in the minority. Judging by the last presidential election, the majority of Americans do want someone to tell [...]
The situation in the United States looks bleak as the country endures the third year of what will most likely become known as The Second Great Depression. At the same time, our friends in Europe are showing encouraging signs of recovery. Over the last few years, the voters of Great Britain, Germany, France, and Italy [...]
Standard and Poors recently joined Dagong Global Credit Rating in downgrading the ratings of U.S. long-term bonds. S&P issued a fairly minor downgrade, from AAA to AA+, but it was the first credit downgrade of the United States government ever issued by a U.S.-based firm. The response from the government was to accuse S&P of [...]
45,000 Verizon employees are now on strike — in the middle of the worst economic downturn since the Carter administration. The union members are employees of Verizon’s ailing wireline business and they are demanding that Verizon use profits from it’s successful wireless business to subsidize the poorly performing wireline business. The wireline business is suffering [...]
