Warning: Parameter 2 to SyndicationDataQueries::posts_search() expected to be a reference, value given in /home4/sattek/roguepolitics.com/wp-includes/class-wp-hook.php on line 298

Warning: Parameter 2 to SyndicationDataQueries::posts_where() expected to be a reference, value given in /home4/sattek/roguepolitics.com/wp-includes/class-wp-hook.php on line 298

Warning: Parameter 2 to SyndicationDataQueries::posts_fields() expected to be a reference, value given in /home4/sattek/roguepolitics.com/wp-includes/class-wp-hook.php on line 298

Warning: Parameter 2 to SyndicationDataQueries::posts_request() expected to be a reference, value given in /home4/sattek/roguepolitics.com/wp-includes/class-wp-hook.php on line 298
Financial Privacy « Rogue Politics

Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

New “Tax Oppression Index” Shows Grim Toll of OECD’s Statist Agenda

Back in 2009, I shared the results of a very helpful study by Pierre Bessard of Switzerland’s Liberal Institute (by the way, “liberal” in Europe means pro-market or “classical liberal“). Pierre ranked the then-30 member nations of the Organization for Economic Cooperation and Development based on their tax burdens, their quality of governance, and their […]

Continue reading New “Tax Oppression Index” Shows Grim Toll of OECD’s Statist Agenda

. . . → Read More: New “Tax Oppression Index” Shows Grim Toll of OECD’s Statist Agenda

The Government’s War on Money Laundering Is Causing the Wrong Kind of Casualties

President Trump says he wants to roll back the burden of regulation. Give the morass of red tape that is strangling the economy, this is a very worthy goal. It’s also a daunting task. Fixing the sprawling regulatory state is the modern version of cleaning the Augean stables and I’m not brimming with confidence that […]

Continue reading The Government’s War on Money Laundering Is Causing the Wrong Kind of Casualties

. . . → Read More: The Government’s War on Money Laundering Is Causing the Wrong Kind of Casualties

The War Against Cash, India, and a Lesson about Big Government

The War against Cash is a battle that shouldn’t even exist. But politicians don’t like cash because it’s hard to control something that people can freely trade back and forth. So folks on the left are arguing that governments should ban or restrict paper money. In Part I, we looked at the argument that cash […]

Continue reading The War Against Cash, India, and a Lesson about Big Government

. . . → Read More: The War Against Cash, India, and a Lesson about Big Government

Money Laundering Laws: Ineffective and Expensive

Beginning in the 1970s and 1980s, the federal government (as well as other governments around the world) began to adopt policies based on the idea that crime could be reduced if you somehow could make it very difficult for criminals to use the money they illegally obtain. So we now have a a bunch of […]

Continue reading Money Laundering Laws: Ineffective and Expensive

. . . → Read More: Money Laundering Laws: Ineffective and Expensive

The War against Cash, Part IV

The War against Cash continues. In Part I, we looked at the argument that cash should be banned or restricted so governments could more easily collect additional tax revenue. In Part II, we reviewed the argument that cash should be curtailed so that governments could more easily impose Keynesian-style monetary policy. In Part III, written […]

Continue reading The War against Cash, Part IV

. . . → Read More: The War against Cash, Part IV

Rand Paul’s Heroic and Vital Fight against Global Scheme to Destroy Financial Privacy

The Foreign Account Tax Compliance Act (FATCA) arguably is the worst feature of the internal revenue code. It’s an odious example of fiscal imperialism that is based on a very bad policy agenda. But there is something even worse, a Multilateral Convention on Mutual Administrative Assistance in Tax Matters that has existed for decades but […]

Continue reading Rand Paul’s Heroic and Vital Fight against Global Scheme to Destroy Financial Privacy

. . . → Read More: Rand Paul’s Heroic and Vital Fight against Global Scheme to Destroy Financial Privacy

The Necessary and Valuable Economic Role of Tax Havens

Economists certainly don’t speak with one voice, but there’s a general consensus on two principles of public finance that will lead to a more competitive and prosperous economy. Lower tax rates are more conducive to work and entrepreneurship than higher tax rates. Reducing the tax bias against capital formation will improve growth by increasing saving […]

Continue reading The Necessary and Valuable Economic Role of Tax Havens

. . . → Read More: The Necessary and Valuable Economic Role of Tax Havens

Tax Havens Promote Economic Prosperity and Protect Human Liberty

I sometimes wonder if I was put on this planet to defend tax competition and tax havens. I argue for fiscal sovereignty, good tax policy, and financial privacy to the denizens of Capitol Hill, both in writing and in person. I make the same arguments for readers of the New York Times, as well as […]

Continue reading Tax Havens Promote Economic Prosperity and Protect Human Liberty

. . . → Read More: Tax Havens Promote Economic Prosperity and Protect Human Liberty

Panama Papers, Tax Planning, and Political Corruption

I wrote a couple of days ago about the “Panama Papers” issue and touched on the key issues. I explained that this non-scandal scandal is simply another chapter in the never-ending war by high-tax governments against tax competition, fiscal sovereignty, and financial privacy. Here are a few of the other points I made: . People […]

Continue reading Panama Papers, Tax Planning, and Political Corruption

. . . → Read More: Panama Papers, Tax Planning, and Political Corruption

Operation Choke Point, Bank De-Risking, and Obama Administration Coercion

For all his faults, you have to give President Obama credit for strong convictions. He’s generally misguided, but it’s perversely impressive to observe his relentless advocacy for higher taxes, bigger government, more intervention, and limits on constitutional freedoms. That being said, his desire to “fundamentally transform” the United States leads him to decisions that run […]

Continue reading Operation Choke Point, Bank De-Risking, and Obama Administration Coercion

. . . → Read More: Operation Choke Point, Bank De-Risking, and Obama Administration Coercion

Another Attack on Tax Competition: “Panama Papers” Is a Non-Controversy Controversy

Three years ago, thieves stole a bunch of information from “offshore” service providers in the Cook Islands and British Virgin Islands. This was supposed to be a ground-breaking exposé with huge ramifications, but it turned out to be a tempest in a teapot. As I pointed out at the time, all that we really learned […]

Continue reading Another Attack on Tax Competition: “Panama Papers” Is a Non-Controversy Controversy

. . . → Read More: Another Attack on Tax Competition: “Panama Papers” Is a Non-Controversy Controversy

Everything You ever Needed to Know about Why Low Tax Rates Are the Best Way to Reduce Evasion

Why do many people engage in civil disobedience and decide not to comply with tax laws? Our leftist friends (the ones who think that they’re compassionate because they want to spend other people’s money) assert that those who don’t obey the revenue demands of government are greedy tax evaders who don’t care about society. And […]

Continue reading Everything You ever Needed to Know about Why Low Tax Rates Are the Best Way to Reduce Evasion

. . . → Read More: Everything You ever Needed to Know about Why Low Tax Rates Are the Best Way to Reduce Evasion

The War against Cash, Part III

Although it doesn’t get nearly as much attention as it warrants, one of the greatest threats to liberty and prosperity is the potential curtailment and elimination of cash. As I’ve previously noted, there are two reasons why statists don’t like cash and instead would prefer all of us to use digital money (under their rules, […]

Continue reading The War against Cash, Part III

. . . → Read More: The War against Cash, Part III

The War against Cash, Part II

I wrote yesterday that governments want to eliminate cash in order to make it easier to squeeze more money from taxpayers. But that’s not the only reason why politicians are interested in banning paper money and coins. They also are worried that paper money inhibits the government’s ability to “stimulate” the economy with artificially low […]

Continue reading The War against Cash, Part II

. . . → Read More: The War against Cash, Part II

The War against Cash, Part I

Politicians hate cash. That may seem an odd assertion given that they love spending money (other people’s money, of course, as illustrated by this cartoon). But what I’m talking about is the fact that politicians get upset when there’s not 100 percent compliance with tax laws. They hate tax havens since the option of a […]

Continue reading The War against Cash, Part I

. . . → Read More: The War against Cash, Part I

Bureaucrats at the United Nations Endorse Sweeping New Tax Powers for Politicians

I’m not a big fan of international bureaucracies. Regular readers know that the Organization for Economic Cooperation and Development is the worst institution from my perspective, followed by the International Monetary Fund. Some folks ask why the United Nations isn’t higher on the list? My answer is simple. The UN has a very statist orientation […]

Continue reading Bureaucrats at the United Nations Endorse Sweeping New Tax Powers for Politicians

. . . → Read More: Bureaucrats at the United Nations Endorse Sweeping New Tax Powers for Politicians

Rand Paul: A Modern-Day Horatius in the Fight to Protect Private Financial Information from Corrupt and Evil Governments

Senator Rand Paul is being criticized and condemned by the Washington establishment. That’s almost certainly a sign that he’s doing the right thing. And given the recent events in Russia and Ukraine, we should say he’s doing a great thing. This is because Senator Paul is waging a lonely battle to stop the unthinking and […]

Continue reading Rand Paul: A Modern-Day Horatius in the Fight to Protect Private Financial Information from Corrupt and Evil Governments

. . . → Read More: Rand Paul: A Modern-Day Horatius in the Fight to Protect Private Financial Information from Corrupt and Evil Governments

Great Moments in the Failed and Costly War against Money Laundering

Time for another great moment in red tape. I wrote a couple of weeks ago that banks treat customers poorly in part because of bad laws and regulations from Washington. Money laundering laws were adopted beginning about 30 years ago based on the theory that we could lower crime rates by making it more difficult […]

Continue reading Great Moments in the Failed and Costly War against Money Laundering

. . . → Read More: Great Moments in the Failed and Costly War against Money Laundering

A “Human Right” to Other People’s Money

One of the many differences between advocates of freedom and supporters of statism is how they view “rights.” Libertarians, along with many conservatives, believe in the right to be left alone and not molested by government. This is sometimes referred to in the literature as “negative liberty,” which is just another way of saying “the […]

Continue reading A “Human Right” to Other People’s Money

. . . → Read More: A “Human Right” to Other People’s Money