Ability Quote by Barry Gardiner
“Public demand for better services requires increased revenue, but international market competition for capital and labour drives down the ability of any one country to raise either corporate or personal income tax.”
About This Quote
Higher taxes are hard to raise because global competition reduces a country's fiscal leeway.
In simple terms: Global competition limits tax increases.
Key Takeaway
Consider alternative revenue sources.
Themes
economics
public policy
taxation
Mood
analytical
concerned
Type
policy
economic
When to use this quote
- government budgeting
- policy reform
- international trade
- public services
Key Concepts
globalization
fiscal constraints
Questions to Reflect On
- How can governments fund services without raising taxes?
- What non‑tax revenue could be explored?
A Different Perspective
Tax hikes may still be politically unpopular.
