I don’t like international bureaucracies because they generally push for policies that expand the burden of government and undermine economic growth.
But I recognize that there are some good people who work at these institutions and I’m always willing to acknowledge when they publish good research.
The IMF said that Greece had reached the tipping point where taxes were too high.
The World Bank put together a report showing how anti-money laundering regulations hurt the poor.
The United Nations acknowledged the Laffer-Curve insight that taxes can be too high.
The European Central Bank found excessive government spending undermines economic performance.
We can now add some new research to that list. The World Bank has just published a new study highlighting the link between tax complexity and tax corruption.
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for December 29th, 2014 | John Ransom
In Other News: North Korea Threatens to Hack US if We Don't Acknowledge Their Innocence in Hack Attacks | Michael Schaus