If big government were the key to economic success, France, with more than half of its GDP accounted for by government, would have rapid economic growth rather than an unemployment rate of 11 percent and negative growth. Yet France, Britain and the United States are demanding that the low-tax jurisdictions increase their taxes on businesses. They also demand more tax information sharing among countries. The officials of the G-8 assure us — as if they think we are all children or fools — that sensitive company and individual tax information will be kept confidential and not be used for political targeting, extortion, etc. The U.S. Internal Revenue Service had a reputation for being less corrupt and less incompetent than tax agencies in many other countries, which only illustrates how low the global standard is.
- Richard Rahn, the Tyranny of the Taxers