Countries with low taxes are better able to boost funding for public services and enjoy higher growth, a report from a UK think tank suggests. And so called "slim governments" have created more jobs while income distribution has not been harmed.
The findings are based on data, from 20 nations over 10 years, for the World Bank and International Monetary Fund. The report by the Centre for Policy Studies seeks to show that low tax governments work better. Source: BBC News
Hey, come on, this is no rocket science. Less taxes = more private sector and household spending = economy growth = job creation = increased taxable volume = higher tax income for governments. Why are large European countries still so stupid to believe that higher taxes are better?
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