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According to documents obtained by Reuters, a Spanish prosecutor intends to seek a maximum of eight years in prison and a $23 million fine against superstar singer Shakira for tax evasion. The three-time Grammy Award winner is accused of failing to pay nearly $15 million in taxes between 2012 and…
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High Taxation? Taxes reduce the payoff to entrepreneurship, investment, and work effort. If taxation is too heavy, these disincentives will weaken a nation’s economy. But at what point does the harmful impact kick in? And how large is it? Below are the effects of high taxation; INADEQUATE INCOMES The total…
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