Thou shall not forbid voluntary exchange

This should be the first commandment of every regulator. Or at the very least, forbidding should not be their first step. Many governments all over the world which have imposed a ban on sharing economy do not respect this rule. They shoot first and ask questions later. And even when they ask, they ask the competitors from traditional sector rather than the satisfied customers.

FMRS Report: The World after Brexit and Trump

On April 28, 2017, INESS in cooperation with Austrian Economics Center organized in Slovakia Free Market Road Show, a part of a series of conferences and panel discussions that tours all over Europe – from Scandinavia to Montenegro, from Spain to Ukraine. Over 400 experts participate overall, presenting aspects of key economic questions in 45 cities, involving the audience in a vital discussion on economic and public policy questions. The event in Bratislava has now become a tradition, with one of the highest turnouts. This year’s topic of th event was “The World after Brexit and Trump”.

INESS je nezávislé, neštátne a nepolitické občianske združenie. Všetky naše aktivity sú financované z grantov, 2% daňovej asignácie, vlastnej činnosti a darov fyzických a právnických osôb. Naše fungovanie, rozsah a kvalita výstupov, teda vo veľkej miere závisí aj od Vašej štedrosti.

Let’s keep the cash

In recent months the media have begun to discuss the cashless economy, which does not use physical cash but only credit cards or other forms of electronic payment (e.g. PayPal).

ENTREPRENEURS IN SLOVAKIA SPEND 140 HOURS ANNUALLY COMPLYING WITH BUREAUCRATIC RED TAPE

Small entrepreneurs in Slovakia spend 140 hours annually — about 17.5 full working days — navigating the country’s complex regulatory red tape. That’s one of the startling findings from the new “Bureaucracy Index” launched by the Institute of Economic and Social Studies (INESS), an Atlas Network partner based in Slovakia. Those 140 hours of regulatory grappling include an average of 75 administrative tasks that cost €1,471.50 (US$1,565.31) per year.

Raiding tax havens won’t solve our problems

The rich know how to evade taxes better than the middle class. After the Panama papers leak, this much should be clear even to the less well-informed. Every name plucked from the Panama bag, over-brimming with appalling news as it is, adds to the allure of Asian property and income anonymization schemes. Migrations towards the eastern tax havens didn’t start with Panama. It’s been ongoing for at least a decade, propped up by the Great Recession when it had transpired that the European commercial and bank secrets aren’t what they used to be, and that the United States can manhandle even Switzerland. A depth is lacking in the public discourse spurred by recent revelations.

Healthy Profit

INESS – The Institute of Economic and Social Studies has decided to contribute its arguments to the discussion of the legitimacy and utility of profit in healthcare through its latest publication, Zdravý zisk (Healthy Profit).

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