Quote of the day: taxes and economic growth

   0   0 Blog

From U.S. tax expert Ed Kleinbard, and his forthcoming book We are Better Than This (p159):

“There is no meaning to the growth effects of taxes as such, only to fiscal policy taken as a whole.”

It is another way of explaining that taxes are not a cost to an economy: they are a transfer within it.

Kleinbard is alluding to the myriad ‘independent’ studies out there that seek to attribute all sorts of ‘deadweight’ costs to taxation, without taking into account the other side of the ledger: those often productive things that taxes are spent on. Huge sections of the academic literature on this topic are effectively without merit.


Related Posts

New Report: HMRC’s “Building our Future” programme

bigben-mcbigbenfaceYesterday the Tax Justice Network was in the UK Parliament to launch a report it co-produced with the Public and Commercial Services Union. The report, entitled “HMRC, Building an Uncertain Future” is a study of HMRC’s (the UK tax authority) reform plans which it is calling “Building our Future”. The report published yesterday analysed the […]

READ MORE →

Financial secrecy in football: time for action

bigben-mcbigbenfaceEveryone has known for years that football is rotten to the core and financial secrecy is at the heart of the problem. Why then is no one doing anything about it? This post from the Offshore Game project originally features in the Independent. 

READ MORE →

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top