Tag: taxation

Countries Eye Weight Tax To Counter Public Safety Threat Of Extremely Heavy, Large EVs

Ms. Cat

Countries Eye Weight Tax To Counter Public Safety Threat Of Extremely Heavy, Large EVs

The electric Ford Lightning, for example, is a whopping 6,500 pounds. The Hummer EV is even heavier, clocking in at 9,000 pounds. Its battery alone weighs more than a Honda Civic. Experts have pointed out the significant safety ramifications of this transition for a while, but it’s still not clear that we’ve prepared the regulatory and policy landscape for such a transition.

When Liberals Fell in Love With Benito Mussolini

Ms. Cat

When we speak of concepts like “totalitarianism” and “corporatism,” it is often assumed that fascism stands very far from the liberal market society that went before it, and which we are still experiencing today. But if we pay closer attention to Italian fascism’s economic policies, especially during the 1920s, we can see how some combinations typical of both the last century and our own were experienced already in the first years of Benito Mussolini’s rule. A case in point is the association between austerity and technocracy. By “technocracy,” I refer to the phenomenon whereby certain policies that are common today (such as cuts in social spending, regressive taxation, monetary deflation, privatizations, and wage repressions) are decided by economic experts who advise governments or even directly take over the reins themselves, as in several recent cases in Italy.

When Liberals Fell in Love With Benito Mussolini

IMF sets another condition for crisis-hit Pakistan to revive loan

Ms. Cat

Crisis-hit Pakistan has made various economic modifications including hikes in fuel prices, raising taxes, and others demanded by IMF to unlock the loan program.

IMF sets another condition for crisis-hit Pakistan to revive loan

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Pakistan and the International Monetary Fund:

In 2018, Imran Khan became Prime Minister of Pakistan. For this, they arranged friendly loans from Saudi Arabia, United Arab Emirates and China to avoid tough IMF conditions. In 2019, when economic conditions worsened, they went to IMF for the twenty-second time for a loan of US$1 billion. IMF gave loan based on conditions such as hike in energy tariffs, removal of energy subsidy, increase in taxation, privatization of public entities and fiscal policies to the budget.

IMF bailout package — rescue or trap for Pakistan?

“The IMF’s agenda is not to strengthen global economies because if it does that, then the Fund itself will be out of business,” he said.

Tax Flight Is a Myth

Ms. Cat

Tax Flight Is a Myth

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Dispelling the Myth of Tax-Induced Capital Flight

A study by the American Sociological Association in 2016 found that while massive top rate tax hikes might cause some millionaires to move from their high-tax state to a low-tax state, the amount of them doing so for this reason was negligible. Millionaires moved for tax purposes around 2.2% of the time. Indeed, in any event the rate of inter-state migration generally was lower for millionaires, at 2.4%, than it was for the general population, at 2.9%.

Debunking the Myth of the Fleeing Millionaire

A Bottomless Pinocchio for Biden — and other recent gaffes

Ms. Cat2 Comments

President Biden is a self-described “gaffe machine.” That’s no excuse, of course, for a president making false or misleading statements. Readers have asked for fact checks of a variety of recent Biden statements, but none of them seemed big enough for a stand-alone fact check. So here’s a roundup of some of the president’s recent errors of fact, made as he has barnstormed the country boosting Democrats and raising contributions in advance of the midterm elections. We generally do not award Pinocchios for roundups like this — but for reasons that will become clear, we need to make an exception for the first one.

A Bottomless Pinocchio for Biden — and other recent gaffes (archived)