Acton Institute Powerblog Archives

Post Tagged 'Tax avoidance and tax evasion'

Envy and Resentment Lead to Bad Law

When it comes to Swiss bank accounts, pop culture brings to mind wealthy people who hide assets from various groups, such as the IRS or their jilted family members. Our sympathies do not align with the type of people we imagine hold Swiss accounts. Continue Reading...

The Complex Tax Code

Today at Capital Commentary I discuss the size and scope of the tax code in the US relative to its basic purposes. In “Back Door Social Engineering,” I argue, “When governments run huge deficits in part because of the complexity of its tax system and the ability of people and institutions to engage in large-scale (and legal) tax avoidance, there is something deeply wrong with the system.” The basic purpose of taxes is to raise money for the government, not to determine social behavior. Continue Reading...