Tax Competition

 Posted by on 29 April 2005 at 6:58 am  Uncategorized
Apr 292005

Peter Mork of Economics with a Human Face posted some interesting comments a few weeks ago on the effects of a free market for labor within the European Union upon tax rates and other business regulations. The chart showing corporate income tax rates in 2000 and 2005 is pretty astonishing, in an unusually delightful kind of way.

I like the final question: “One question that remains is if Europe continues to move in this direction, how long will it be before the United States itself starts feeling the heat of economic competition from across the Atlantic?”

Soon, I can only hope!

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