Comments for How wealth is created at http://www.adamsmith.org , comment 1 to 1 out of 1 comments http://www.adamsmith.org Thu, 20 Nov 2008 19:01:35 +0100 FeedCreator 1.7.3 http://www.adamsmith.org/blog/globalization/how-wealth-is-created-200804161217/#comment-32 One way of helping the overall economy would be to create a market for personal tax. I heard great glee on Irish radio this morning on the news that a large UK pharmecutical company was going to relocate to Eire "just for tax purposes" as the corporation tax rate there is markedly lower than in the UK (the relocation being no more substantial than a brass plate on an office wall). Well fine I suppose, but what about us smaller fish who are in what is a captive monopoly at the moment? Why shouldn't we be able to choose who to pay tax to as well? This way we can lever some efficiency using market forces. Imagine being able to choose to pay zone A tax system if it and its services suited you more than zone B's or C's. It would put the EU concept of an open market for services etc into a positive light. Administrations that did not suit your own preferences for taxation would find they lost your business. You could even use this EU ID Card when buying goods and services to allow for indirect taxes to be covered by this concept as well. I can hear the critics now - however such a change would mean that the citizen finally got a grip on profligate Government, instead of just being a captive vassal to be exploited by the electoral clout of local lay-abouts. What about it ASI? - Steve Giess Wed, 16 Apr 2008 10:58:25 +0100