Free Republic

New Yorkers who recently ditched the city for low-tax hot spots in Florida and Texas are finding the savings to be a lot less than they would have if they moved four years ago as the cost to rent or buy a home soars. Rents and home prices in Miami have surged by around 40% since the pandemic, which sparked the Great Exodus from the Big Apple to the Sunshine State, as well as to Dallas and Austin in the Lone Star State, according to a study by financial information provider SmartAsset. The result has been that New Yorkers earning...

Migration from high-tax states to states with lower taxes and less government spending will dramatically alter the composition of future Congresses, according to a study by Americans for Tax Reform Eight states are projected to gain at least one congressional seat under reapportionment following the 2010 Census: Texas (four seats), Florida (two seats), Arizona, Georgia, Nevada, South Carolina, Utah and Washington (one seat each). Their average top state personal income tax rate: 2.8 percent. By contrast, New York and Ohio are likely to lose two seats each, while Illinois, Iowa, Louisiana, Massachusetts, Michigan, Missouri, New Jersey, and Pennsylvania will be...

"Canada's relatively low corporate taxes have helped to make this country one of the best places in the world for companies to set up shop. Canada ranks second among 10 key countries as a cost-effective place to do business, and relatively low taxes are one of the main factors, consultants KPMG said in a report released yesterday. KPMG said one key reason for Canada's high standing is that federal and provincial governments have been cutting taxes and reforming tax laws in recent years. Indeed, Canada now has lower business taxes than any other G7 country. "It's really over the last...

Details of the fiscal plan have not yet been released, but it will be based on key pillars such as the following: *to increase tax income by diversifying income sources; *introduction of a flat sales tax (of perhaps 2%), with revenue to go to states and municipalities. This would help achieve the goal of increasing the local and state administrations’ tax capabilities *subsidies for the poor to relieve them from the anticipated already existing 15% FEDERAL sales tax's expanding to cover food & medicines *to end special tax regimes and exemptions on the federal income tax; and *to tackle tax...

<p>The Advocate General, the top legal advisor to the European Court of Justice, has said that a British law that applies a 'top-up tax' to eliminate the difference between Irish and British corporation taxes, may be unfair to companies with Irish registered subsidiaries.</p>

Some 14 years after pressing for the United Nations to impose sanctions on Belgrade, the United States has become Serbia and Montenegro's biggest foreign investor. The World Bank says American firms accounted for roughly one-third of the US$3.5 billion of foreign money invested from 2002, when the sanctions were eventually lifted, to the end of 2004. Although one or two million people of Serbian descent live in the US, émigré ties to the homeland have played little role in driving this investment. The US-based Serbian Unity Congress and Serbian American Chamber of Commerce periodically organize conferences and inform investors of...

Low-Tax Tiger By Lawrence Kudlow A year ago Gov. George Pataki asked me to chair a commission on tax reform that would improve New York state’s outlook for investment, job creation and economic prosperity. After numerous meetings, a review of the existing tax literature, and lengthy deliberation, we have come up with a statement of principles and a series of policy recommendations to promote an investment-friendly state tax structure that could, if implemented, restore New York to a preeminent economic position. First and foremost, we concluded that there is a clear relationship between state tax burdens and state economic health....

<p>To grow and create jobs, business needs government to be reasonable. Gov. Arnold Schwarzenegger understands that and is working to make California's government less onerous to business and job creation.</p> <p>He can encourage our neighbors in Mexico to do the same. He plans to attend the Border Governors Conference in New Mexico in August, which involves the governors of the states on both sides of the border. We hope he and his staff use the next six months to plan ways to use the conference as a platform to encourage Mexico to embrace Schwarzenegger-style reforms.</p>