What Is Your Ability To Pay Taxes?

Posted on August 15, 2010 | by Markus Stocker

According to Wikipedia, the ideology of the True Finns party is, among other things, right-wing populism. Interestingly enough, sometimes what in a country is argued by its right-wing is more or less exactly what the right-wing of another country opposes. This post is about taxes, in particular the recent statement by True Finns chairman Timo Soini ”taxes should [...]

Folks, Fasten Your Seat Belts!

Posted on April 28, 2010 | by Markus Stocker

“Greek Debt Rating Cut to ‘Junk’ Status” goes the headline of the New York Times; “Die Schuldenkrise verschärft sich” the German Frankfurter Allgemeine; “Griechenland wankt immer mehr” the Swiss Neue Zürcher Zeitung, “Grecia declassata a livello ‘spazzatura’ Portogallo trema sotto il peso del debito” the Italian La Repubblica, faithfully echoing ‘Junk’ status. As per April [...]

«It’s The Bank Secrecy Law, Stupid!»

Posted on February 7, 2010 | by Markus Stocker

The German Finance Minister Wolfgang Schäuble has spoken: “Switzerland’s bank secrecy law has no place in the 21st century.” For starters, what in Switzerland in German is called Bankkundengeheimnis — bank client confidentiality– is the safeguard of financial privacy, not the secrecy of the bank, as I argued almost a year ago. I’m sure Mr. Schäuble [...]

Do You Spend or Save?

Posted on January 9, 2009 | by Markus Stocker

From the Office of the President-Elect, the Dramatic action article, To get people spending again, 95% of working families will receive a $1,000 tax cut. (change.gov) I certainly lack understanding of the big picture as well as the little details. However, I’m uneasy with this idea. On one side, I wonder whether $1,000 tax cut [...]

 

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