A Latvian Tax Reformer

http://www.futureofcapitalism.com/2010/07/a-latvian-tax-reformer

Michael Hudson, chief economist of the Reform Task Force Latvia think-tank, has an intriguing op-ed in the Financial Times suggesting cutting taxes on wages while raising them on property: "Lowering taxes on wages would reduce the cost of employment without squeezing take-home pay and living standards. Raising taxes on property, meanwhile, would leave less value to be capitalised into bank loans, thus guarding against future indebtedness."

by Editor  |  Jul 8, 2010 at 10:39 am Related Topics:  Europe, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list