Tax competition occurs when a government uses its tax system to try to attract capital, business activity, or wealthy people from other countries, writes Richard Teather.
Richard Teather
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Free-market economists like myself attack government tax-and-spend policies as being damaging to prosperity, accusing the government of "sucking money" or "leeching resources" out of the economy. We...
"Social responsibility" is out. Richard Teather explains that activists are demanding even more: corporate citizenship. This concept demands that a company's whole actions be carried out with regard to their "social impact" as interpreted by unions, environmentalists, poverty campaigners, and other non-profits. Of course, and mainly, it also means big donations to their organizations.
