Tax and morality? The two should never meet…

The language, or rather political language de jour, is for the canvassing potential members of the next parliament (Parliamentary candidates in the UK) to merge two very different concepts into one, in the public's mind. Those words are tax evasion and tax avoidance. We (at the theMarketSoul) believe we potentially know why, but the consequences might not … Continue reading Tax and morality? The two should never meet…

An Ownership Revolution is required

We have been following the G20 'get those naughty multinationals in the tax tent' debates raging for a few months now, with amusement we have to add; here at theMarketSoul and have the following short thought piece to contribute to the debate. We know the 'outrage' really is all about the what the OECD calls … Continue reading An Ownership Revolution is required

I blame John Maynard Keynes (JMK)

Ever since the Great Depression and JMK’s ‘The General Theory of Employment, Interest and Money (1936)', have we had more intense government interference and hence taxation in most advanced economies.  Thank you JMK. But seriously, how much is too much?  There must be value in controlling fiscal policy, monetary policy and (social) employment policy, but is … Continue reading I blame John Maynard Keynes (JMK)

A cynical swipe at the ‘Consumer end’ of the money (value) chain

Today’s short opinion piece revolves around the recent rail fare increases announced in the UK. It strikes us as a very cynical way of rewarding behaviour and policies implemented by previous governments and parliaments to now go and increase the ‘tax’ on rail commuters when the switching policy from road to rail has meant that … Continue reading A cynical swipe at the ‘Consumer end’ of the money (value) chain

Economics of Taxation

There are in essence only two ways of taxing citizens: A Tax on Stock (Wealth) A Tax on Flows (Income or consumption) Within these two tax methodologies are hidden the minutiae of  the tax regime system, but at a fundamental level, any tax raising authority has to look at these two options / methodologies available to … Continue reading Economics of Taxation

The US Treasury Yield Curves #2 – Do you factor inflation into the deal?

In the previous article we posted, mention was made of the (0.72)% [negative 0.72%] real return US Treasury investors can currently expect on 5 Year Treasury Bills.  The Nominal (quoted) Yield Curves and Real (Inflation adjusted) Yield Curves for two specific points in time, namely Friday 29 July 2011 and 30 July 2006 are listed below. Yield … Continue reading The US Treasury Yield Curves #2 – Do you factor inflation into the deal?

The Elusive “G” Factor – Part 1

[Economics in a Nutshell]   An Introduction There is a conundrum here somewhere!  As a libertarian leaning Think Tank organization and publication, we instinctively know that more government interference in the economy and bigger government per se is not a good thing.  And so is sovereign debt and the servicing of that debt.  Both are … Continue reading The Elusive “G” Factor – Part 1

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theMarketSoul ©1999 – 2010 Ventures an opinion on the ‘Economics of Taxation’

[All names and references to places in this post has been changed, so as to protect the innocent bystanders]   Cracking down on ‘Tax Havens’ became a stated objective of the G20 last year during one of the meetings held during 2009. Lets us keep the argument very simple and divide the world into two … Continue reading theMarketSoul ©1999 – 2010 Ventures an opinion on the ‘Economics of Taxation’

Increased Friction Costs

We start today’s article with a cry for a return to common sense and a reduction in the unnecessary Friction Cost in the economic system (especially here in Britain). Friction Cost, in economic terms is defined as: The implicit and explicit costs associated with market transactions. The total cost, both direct and indirect, of a transaction after commissions, interest … Continue reading Increased Friction Costs