UK Gambling Tax Laws Place Consumption over Location
The UK Gambling Commission estimates the UK remote gambling market at £2 billion per year. Since most of online gaming operations are based in tax havens such as Gibraltar, the current remote gambling duty, which is taxed at 15% of gross profits, witnesses most tax-based returns to the UK going into outside coffers.
The 5 Most Popular Casino Games
Casinos have always been places of glamour games. Be it the ruthless ransacking of the treasures of Europe’s ‘high rollers’ in the centuries gone by, or the chaos and brouhaha over a ‘big player’ finished, casinos have succeeded in keeping up their charm and allure for their lovers.
Free Markets and Liberty
Free markets of the modern world can be credited with inspiring economies towards redemption. And why not, when economists the world over testify it to be the best trade policy available. Instead of letting the authorities bar free resource use by autocratic taxation and stringent intervention in trade, deploying free trade can help solve many conundrums concerning trade and economy today.
How the Free Market Works
Free markets have been the idea that various doctors and thinkers of philosophy have espoused as being the sole approach to a truly democratic and equal society and economy. It is the free market and the free price system that makes goods from all over the globe, available to consumers.
A Eulogy for the Greatest Champion of Free Markets in Modern Politics
I say the greatest not because there weren’t others, but because there was or has been no other – till date, quite like her. Margaret Thatcher is the only woman statesperson who has been credited with an “ism” to her name. Her political and socio-economic ideology is today considered to be in a league with names as iconic as Marx, Gandhi, and Reagan.
Free Markets – Making Virtues Out of Necessities
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” – Adam Smith
Unabashed self interest may not be the ideal position to take in terms of moral thought, but it is the single most effective catalyst for economics that is as progressive and robust as it is fair. Why do people do the things they do? Why do they get up in the morning, and go about their business as a routine? In almost all cases, they are either trying to earn a living, or preparing themselves to be able to do so in the future. Who are they doing this for if not for themselves, and perhaps, their near and dear ones? The fact is, any economic activity that people engage in, is meant largely to serve their own personal interest.
Competition is Pivotal to the Sustenance of Free Markets
It is a fact that the biggest and the most successful business organizations in the world today are the ones that face the most competition in their respective industries domestically. Another well established fact is that nations and states that practice economies that come closest to being ‘Perfect Competitions’ have, not just the most satisfied and prosperous consumers,
The Rationale of Free Markets
To have any meaningful understanding of a socio-economic system, one needs to first gain an insight into two things – one, what purpose it is meant to serve, and two, for whom it is supposed to serve that purpose.
Why India and Nepal Rank Low in Economic Freedom Index
On the face of it, economic freedom is a simple concept. However, it encompasses every aspect of an individual’s life. Economic freedom defines the standard of living and has a significant influence on the quality of life.
How the Concept of Laissez Faire has Evolved
Laissez Faire is a term that finds its etymological roots in the French language, in which it means ‘allowed to do’. Also referred to as ‘let it be’ economics, Laissez Faire refers to a sect of political thought that does not favor political interference in private sector free markets. It was claimed to have first been first coined by Marquis D’Argenson, who was to later become Louis XV’s foreign minister during the Austrian War, in his work titled Memoires, published in 1736.
Various political groups throughout American history have made it their clarion call, right from Thomas Jefferson to recent political leaders such as Ron Paul.
Rakesh Wadhwa. Ever since, I was a school boy, I knew India was on the wrong path. Socialism was just not what we needed to get ahead. Government controlled our travel; government controlled our ability to buy and sell; and government controlled our freedom to move our money. My life has focused on the inherent rights people have. When I was in college, I never understood, what the governments meant by their "socialistic attitude". If people are free to buy, sell and move their capital themselves without any restrictions by state, then the welfare of people is inevitable & hence the countries they live in will become wealthy. The government has no right whatsoever, to point a finger at me or my business. I am not a revolutionary. I just want to light up my cigarette and not get nagged about it. I believe in non-interfering attitude to attain more. 
The Bastiat Award is a journalism award, given annually by the International Policy Network, London. Bastiat Prize entries are judged on intellectual content, the persuasiveness of the language used and the type of publication in which they appear. Rakesh Wadhwa won the 3rd prize (a cash award of $1,000 and a candlestick), in 2006.
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