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Denmark Introduces Fat Tax

21 October 2011
According to the Washington Post article, Denmark Introduces Fat Tax to Curb Unhealthy Habits, Improve Life Expectancy, 2 October, 2011, Denmark’s "fat tax" on foods such as butter and oil is intended to curb “unhealthy eating habits”, this is in addition to initiatives to tax other “unhealthy” products such as…

Fast Food Suggested Target for Stealth Tax

30 September 2011
There has been a lot of talk about taxes in the media recently mainly centred on two proposals – a “wealth tax” and “junk food tax”. The wealth tax has been covered extensively but the debate about a fast food tax has yet to be adequately digested. Before we analyse…

Social Security Is a Ponzi Scheme

15 Sep 11  
Texas governor Rick Perry is being criticised for calling Social Security a "Ponzi scheme." But if anything, Perry was being too kind, says Michael Tanner, a senior fellow with the Cato Institute. The original Ponzi scheme was the brainchild of Charles Ponzi. Ponzi convinced people to allow him to invest their…

Why Taxing the Rich Is No Solution

09 Sep 11   FMF Policy Bulletin
The Obama administration wants to raise taxes on the rich. Given that the United States is experiencing record deficits, raising taxes on the rich is a terrible idea, say Tino Sanandaji, an affiliated researcher at the Institute of Industrial Economics, and Arvid Malm, chief economist of the Swedish Taxpayers' Association. The…

American Millionaires Go Missing

09 Sep 11   FMF Policy Bulletin
In 2007, 390,000 US tax filers reported adjusted gross income of $1 million or more and paid $309 billion in taxes. In 2009, there were only 237,000 such filers, a decline of 39 per cent. Almost four of 10 millionaires vanished in two years, and the total taxes they paid…

Are US Taxpayers Getting Their Money's Worth?

24 Aug 11  
Citizens across the country are struggling to make ends meet. They are frustrated with the failure of their elected representatives in Congress to address pressing national problems to make things better for all Americans. Compounding their frustration is the fact that members of Congress receive pay and benefits far in…

Higher Taxes Don't Mean More Revenue

07 Jul 11   FMF Policy Bulletin
The intelligentsia of the Democratic Party in the US is growing increasingly enthusiastic about raising the highest federal income tax rates to 70 per cent or more. This is ostensibly with the intent to raise new revenue so federal spending could supposedly remain well above 24 per cent of gross…

South Africa’s Mine Taxing Beats Botswana’s Mine Ownership

07 Jul 11   Leon Louw
The South African government, which taxes mines, is better off than the Botswana government, which part owns them, says Free Market Foundation executive director Leon Louw. Botswana, which is held up by the African National Congress Youth League (ANCYL) as a mine nationalisation success story, is not an example of…

Freedom for all in South Africa

28 Jun 11   Jasson Urbach
Despite a plethora of evidence that economically free societies are better off by virtually every measure of wellbeing than societies that are directed and controlled by a central authority, there continues to be significant opposition to ideas of political and economic freedom. Indeed, in the South African context much of…

VAT is counterintuitive

15 Jun 11   FMF Policy Bulletin
South Africa, together with the member states that comprise the regional trading bloc known as the Southern African Customs Union (SACU), have agreed to eliminate all tariffs on pharmaceutical products and devices. However, the South African government continues to levy valued-added tax (VAT) at a rate of 14 per cent on…

How long do Americans work for each type of tax?

03 Jun 11   FMF Policy Bulletin
In 2011, Americans will devote 2 hours and 13 minutes of every eight-hour workday, or over a quarter of their working hours (27.7 per cent), to paying taxes. In a nine-to-five workday, it takes until 11:13 a.m. to earn enough to pay that day's share of taxes at the federal,…

VAT on medicines is counterintuitive

03 Jun 11  
South Africa, together with the member states that comprise the regional trading bloc known as the Southern African Customs Union (SACU), have agreed to eliminate all tariffs on pharmaceutical products and devices. However, the South African government continues to levy valued-added tax (VAT) at a rate of 14 per cent…

SA’s 2011 Tax Freedom Day – Monday, 2 May

29 Apr 11  
On Monday, 2 May, the people of SA start to work for themselves. Until then they will have been working to pay for government. Tax Freedom Day (TFD) is a measure of how much of the gross domestic product (GDP) a government takes. It is the day…

Higher top tax rate will slow economic performance

20 Apr 11   FMF Policy Bulletin
A new study from the Adam Smith Institute in the United Kingdom provides overwhelming evidence that class-warfare tax policy is grossly misguided and self-destructive, says Daniel J. Mitchell, a senior fellow with the Cato Institute. The authors examine the likely impact of the 10-percentage point increase in the top income…

Buckle up – it’s budget time

23 Feb 11   Jasson Urbach
It’s time for Finance Minister Pravin Gordhan to again walk a tightrope as he tries to balance the country’s books. On the one hand, he will be under pressure from those on the left to substantially increase government spending on social welfare. On the other, there will be those hoping…

How a Tax Hike Increased the UK Deficit

02 Feb 11   FMF
Figures out last week confirm yet again that crippling tax hikes are driving people and economic activity away from Britain. Rather than raising extra tax receipts to plug Britain's budget deficit, there is growing evidence that the raids are actually reducing the amount of money collected by the taxman, thus…

Canada's Competitive Edge

20 Jan 11   FMF Policy Bulletin
It was not long ago that Americans viewed Canada as a poorer neighbour with only one competitive advantage – in hockey. No more: On January 1, Ottawa cut the nation's corporate tax rate to 16.5 per cent from 18 per cent, compared to the U.S. federal rate of 35 per…

Census: Fast Growth in US States with No Income Tax

12 Jan 11   FMF Policy Bulletin
Census Bureau director Robert Groves announced last week the first results of the 2010 census and the reapportionment of House seats (and therefore electoral votes) among the states, reports Michael Barone, a resident fellow with the American Enterprise Institute. It's hard to get a grasp of the numbers, but Barone shares…

Government Unions vs. Taxpayers

07 Jan 11   FMF Policy Bulletin
The rise of the labour movement in the early 20th century was a triumph for America's working class. But the majority of union members today no longer work in construction, manufacturing or "strong back" jobs. They work for government, which has become the only booming "industry" left in our economy, says…