The problem lies instead in a tax code that is ill-equipped to combat today’s highly mobile capital caused by technological advances. Instead of being put to work through domestic reinvestment, capital is stockpiled overseas. Furthermore, tax competition both between states and globally continues to drive tax rates downwards and exacerbates the problem of insufficient revenue.
Read MoreThe situation in Cairo is changing daily. When Max posted it seemed as though Tahrir Square was emptying out and Mubarak’s wait-it-out strategy was sapping the will of the protesters.
Read MoreBack when Mark Zuckerberg needed startup capital for a certain internet venture, he attracted the interest of two downright sinister sources of funding: cyber-libertarian futurists, and the intelligence community.
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