A Grim Update on European Tax Policy
Daniel J. Mitchell
I wrote the other day that Americans, regardless of all the bad policy we get from Washington, should be thankful we’re not stuck in an economic graveyard like Venezuela.
But we also should be happy we’re not Europeans. This is a point I’ve made before, usually accompanied by data showing that Americans have significantly higher living standards than their cousins on the other side of the Atlantic.
It’s now time to re-emphasize that message. The European Commission has issued its annual report on “Taxation Trends” and it is–at least for wonks and others who care about f...
Source: Cato-at-liberty - June 18, 2014 Category: American Health Authors: Daniel J. Mitchell Source Type: blogs
International Physician Payments Sunshine: EFPIA Code on Transfers of Value and Inconsistencies Within European Member Associations
The recent National Disclosure Summit featured many practical seminars for compliance with the Physician Payments Sunshine Act. The presentation entitled "The Status of Implementation of EFPIA's Code by Member Associations and, to the Extent Countries have done so, where are there Consistencies/Inconsistencies among the Codes" expanded its sights beyond the United States and onto European disclosure laws.
D. Jeffrey Campbell, Managing Principal of Porzio, Bromberg & Newman, spoke first to the large European pharmaceutical market, which comprises 26 percent of the global market, employs 700,000 people in the European ...
Source: Policy and Medicine - March 20, 2014 Category: Health Medicine and Bioethics Commentators Authors: Thomas Sullivan Source Type: blogs
A Bumpy -- but Hopeful -- Road Ahead for Ukraine
Dalibor Rohac
Even when one tries to ignore the current developments in the East of the country, Ukraine is in a pickle. With one of the lowest incomes per capita among the transitional economies of Eastern Europe, rampant corruption, and quickly depleting foreign reserves, the country is overdue for a reform package in many areas, including fiscal and monetary policy, the judiciary system, bankruptcy law, energy policy, state ownership, to name just a few.
While there is no shortage of foreign experts offering their views on what policies Ukraine needs or does not need, the future of Ukraine is for Ukrainians to decide. ...
Source: Cato-at-liberty - March 10, 2014 Category: Health Medicine and Bioethics Commentators Authors: Dalibor Rohac Source Type: blogs
Imaginary Squabbles Part 2: Krugman and DeLong on Ireland
Alan Reynolds
A short 2010 article of mine in Politico, which still annoys Paul Krugman and Brad DeLong, dealt with Ireland’s brief effort to restrain spending, which (while it lasted) was smarter than imposing uncompetitive tax rates as Greece had done.
Krugman ridiculed my Politico article in at least four columns. He imagines I predicted a “boom” in Ireland, because I wrote in June 2010 that, “the Irish economy is showing encouraging signs of recovery.” That the Irish economy was turning up at the time is undeniable. Although I did not yet have the benefit of real GDP data, Ireland’s GDP w...
Source: Cato-at-liberty - May 23, 2013 Category: Health Medicine and Bioethics Commentators Authors: Alan Reynolds Source Type: blogs
Krugtron the Invincible...or Krugman the Inadvertent Opponent of Tax Increases?
Daniel J. Mitchell
President Bush imposed a so-called stimulus plan in 2008 and President Obama imposed an even bigger “stimulus” in 2009. Based upon the economy’s performance over the past five-plus years, those plans didn’t work.
Japan has spent the past 20-plus years imposing one Keynesian scheme after another, and the net effect is economic stagnation and record debt.
Going back further in time, Presidents Hoover and Roosevelt dramatically increased the burden of government spending, mostly financed with borrowing, and a recession became a Great Depression.
That’s not exactly a successful track r...
Source: Cato-at-liberty - May 2, 2013 Category: Health Medicine and Bioethics Commentators Authors: Daniel J. Mitchell Source Type: blogs
