The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

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Thursday, August 22, 2013

Did Taxes Cause the Financial Crisis? by Mark Roe - Project Syndicate

All of this is true, but, given the possibility of a major overhaul of US corporate taxation, which President Barack Obama has proposed, we should revisit the conventional wisdom concerning the supposedly weak connection between corporate taxation and the financial crisis. Indeed, in my view, policymakers, academics, and the media have rejected too resolutely the idea that corporate taxation played no more than a minor role.


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Did Taxes Cause the Financial Crisis? There might have been less of a crisis if two sensible taxes had been applied to owner-occupied houses: (i) a tax on the imputed rent received by the owner, and (ii) capital gains tax. Those would have, presumably, inhibited silly housing bubbles.

Posted by: dearieme | Aug 23, 2013 1:21:09 PM