Some wealthy Parisian taxpayers are considering relocating if presidential candidate Jean-Luc Melenchon wins the upcoming French election.
It appears that these French taxpayers are a bit more serious than the Americans who threaten to move to Canada every four years — Melenchon’s tax policies could severely impact the pockets of the country’s wealthiest citizens. Continue reading “Wealthy French taxpayers consider relocation” »
More on that border tax…
Leonard E. Burman of the Tax Policy Center has an interesting look the feasibility of the border-adjustable tax (BAT) recently proposed by GOP lawmakers (aka the Mexico border tax.)
Although hardships caused by the BAT could be offset by a rising dollar, it seems that currency markets would not completely adjust where we need them to.
Currency markets aside, Burman comes to the conclusion that the BAT is unlikely to be enacted for three reasons: Continue reading “The feasibility of the border-adjustable tax” »
Today the White House casually floated the idea of paying for Trump’s impossible border wall by imposing a 20% tariff on Mexican imports.
The problem is basic economics: such a tax would be paid by U.S. businesses and consumers — not the Mexican government (as Trump promised). Continue reading “The White House’s Mexican import tax” »