Buch, Englisch, 336 Seiten, Format (B × H): 235 mm x 156 mm
Buch, Englisch, 336 Seiten, Format (B × H): 235 mm x 156 mm
ISBN: 978-0-19-522200-5
Verlag: Oxford University Press
This sweeping, comparative study of taxation in the United States and Australia shows that even as governments in the Western world have become increasingly sophisticated tax collectors, a competitive and ruthless market in advice on tax avoidance has developed. The same competitive forces in the late twentieth century which have driven down prices and sparked efficiencies in the production of fast food or computer parts have helped stimulate the markets for "bads" like tax shelters and problem gambling. Braithwaite draws the surprising conclusion that effective regulation could actually flip markets in vice to markets of virtue. Essential reading for anyone involved in policy, governance, and regulation, Markets in Vice, Markets in Virtue provides a blueprint for restoring the equity of Western tax systems and a breakthrough theory of how regulators can support markets in virtue and curtail markets in vice.
Could competition policy be driving increases in overeating, gambling, aggressive tax planning and sex crimes? A leading specialist in business regulation and white collar crime says it does. John Bratithwaite argues that the competition policies that attack monopolies to ensure vigorous price competition and more efficient production of goods also drive more efficient productions of 'bads'. Braithwaite argues that there are markets in vice as well as markets in virtue, with the same characteristic supply and demand. Using a detailed case study of taxation in Australia and the United States, Braithwaite demonstrates the mechanisms whereby competition induces demand for vice and more importantly, the regulatory interventions that can be used to flip markets in vice to markets in virtue.
