- Jake Ceterum censeo Chicago esse delendam
Germany has always had a problem with tax evasion, mainly because of relatively high marginal tax rates. Slovakia with its 19% flat tax has no such problem. Austria, which has one of the lowest tax rates of the industrialised countries, has no such problem either, even though, unlike Germany, it has a direct border with Liechtenstein. Nor have the Swiss. The French have a problem with Switzerland and Monaco. The Italians have a problem with Monaco. And the Spanish have a problem with Andorra. But nobody has bigger problems than Germany (which has problems with Luxembourg, Liechtenstein, Switzerland and even Austria). Germany is a country where business elites enjoy among the lowest pay packages, and the highest marginal taxes....The bottomline is that the purpose of this tax razzia is to feed the German public's unsatiable anti-capitalist mood, but it is not going to make any fundamental difference. It is a macroeconomic non-event. The only way for Germany to reduce tax evasion is to reduce marginal taxes. A criminal mind causes an individual to be a tax evader. But on a macroeconomic scale, it is taxes that cause tax evasion, and nothing else.
"If the Italian government succeeds in destroying Sicily's business model,"
Will somebody please clarify the difference between these two? 'Cause I sure don't see any.