This past Monday was the 250th anniversary of the publication of Adam Smith’s profoundly impactful book, An Inquiry into the Nature and Causes of the Wealth of Nations. It’s too bad its brilliant—and ...

Neither the US nor the UK, where the tax systems are among the oldest in the world—are similar in some ways, but in others they differ significantly. The tax systems of the US and the UK have much in ...

Import taxes raise vastly less revenue than the income tax. If import duties offset any income taxes, government would be moving money from your left pocket to your right ...