This book is written in english.
Sound money does not fall from the sky and neither do tax-revenues. A tax, by definition, siphons resources from the private sector, which inevitably hinders the accumulation of productive capital. Common sense offers a very straightforward solution to this problem: get rid of the drag. Unfortunately, this is not an option. Taxes are unavoidable and therefore, a key objective is to design a tax code that minimises its inherent harm to business productivity and economic growth.
The Hayekian roadmap offers a very straightforward solution: if we really wish to regain competitiveness, fiscal integration should come about from spontaneous channels of international coordination and competition. The emergence and flourishing of competition among Member States leads to short-run differentials in cross-border tax rates, which in turn generates investment opportunities and mobility incentives of the factors of production. These dynamic processes within the union put a downward tax-setting pressure on every Member State, greasing the wheels for productivity gains to take off (which is, according to international experience, one of the main determinants of GDP growth).
I. Current Perspectives of Corporation Taxation in the EU (Christoph Watrin)
II. On the Appropriate Size of Government – Taxes and Expenditures (Charles B. Blankart)
III. Tax Competition: Cornerstone of Liberalization and Civil Society (Richard W. Rahn)
IV. Governance Structures for State Owned Enterprises (Gerhard Clemenz)
V. The Advantages of Tax Competition in Europe – The argument for tax equity and efficiency (Jean-Philippe Delsol)
VI. The current economic crisis and some ‚Austrian‘ food for thought (Gerhard Jandl)
VII. The Global Flat Tax Revolution: Lessons for Policy Makers (Daniel J. Mitchell)
VIII. Consolidation of Public Budgets: Solutions and Best Practices (Ernst Buschor)
IX. Global Financial Regulations, National Competitiveness & Authorities (Josef Christl)
X. How Should Britain’s Government Spending and Tax Burdens be Measured? A Historic Perspective on the 2009 Budget Forecasts (David B. Smith)