Fraser

Fraser Institute News Release: Average Danes pay high taxes to finance Denmark’s large welfare state

Retrieved on: 
Thursday, October 26, 2023

Indeed, Denmark has a large welfare state paid for by some of the highest personal income and consumption taxes in the industrialized world.

Key Points: 
  • Indeed, Denmark has a large welfare state paid for by some of the highest personal income and consumption taxes in the industrialized world.
  • groceries) and services, Danes pay a 25 per cent value-added tax (VAT), similar to Canada’s GST, which is the second-highest among high-income countries.
  • In other words, it’s not just wealthy Danes who pay the top personal income tax rate.
  • “Average Danes pay the price for their large government sector,” said Matthew Mitchell, book co-editor and senior fellow at the Fraser Institute.

Fraser Institute News Release: Median employment income for Halifax workers nearly $24,000 less than in Boston

Retrieved on: 
Tuesday, October 17, 2023

HALIFAX, Nova Scotia, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Median employment income in Halifax is $23,709 less than in Boston—in fact, median employment incomes in urban areas across Atlantic Canada are significantly lower than in urban areas in New England, finds a new study published by the Fraser Institute.

Key Points: 
  • HALIFAX, Nova Scotia, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Median employment income in Halifax is $23,709 less than in Boston—in fact, median employment incomes in urban areas across Atlantic Canada are significantly lower than in urban areas in New England, finds a new study published by the Fraser Institute.
  • However, a significant prosperity gap exists between the two, with median employment income being nearly $24,000 less in Halifax,” said Ben Eisen, a Fraser Institute senior fellow and co-author of Comparing Median Employment Incomes in Atlantic Canada and New England Metropolitan Areas.
  • The study measures median employment income in 20 metropolitan areas in Atlantic Canada and New England from 2010-2019.
  • In 2019, median employment income in Halifax was $38,084 compared to $61,793 in Boston.

Greenberg Traurig's Elizabeth W. Fraser Receives 2023 'Top Women of Law' Honor from Massachusetts Lawyers Weekly

Retrieved on: 
Friday, September 29, 2023

BOSTON, Sept. 29, 2023 /PRNewswire-PRWeb/ -- Elizabeth W. Fraser, a shareholder and co-chair of Greenberg Traurig, LLP's Boston office Corporate Practice, was named one of Massachusetts Lawyers Weekly's 2023 "Top Women of Law." This highly coveted honor celebrates the exceptional accomplishments of women attorneys as leaders, educators, and mentors, as well as their pro bono, social justice, advocacy, and business efforts. Fraser and fellow award recipients will be honored at a reception in Boston Nov. 1.

Key Points: 
  • Elizabeth W. Fraser, a shareholder and co-chair of Greenberg Traurig, LLP's Boston office Corporate Practice, was named one of Massachusetts Lawyers Weekly's 2023 "Top Women of Law."
  • BOSTON, Sept. 29, 2023 /PRNewswire-PRWeb/ -- Elizabeth W. Fraser , a shareholder and co-chair of Greenberg Traurig, LLP's Boston office Corporate Practice , was named one of Massachusetts Lawyers Weekly's 2023 "Top Women of Law."
  • This highly coveted honor celebrates the exceptional accomplishments of women attorneys as leaders, educators, and mentors, as well as their pro bono, social justice, advocacy, and business efforts.
  • She was recently honored as a "Best Mentor" by ALM's 2023 New England Legal Awards.

Fraser Institute News Release: Denmark's economic prosperity rooted in tradition of low taxes, limited government and open trade

Retrieved on: 
Thursday, September 28, 2023

For more than 150 years, Danes have been among the most economically free people on Earth, which resulted in marked prosperity for the small country.

Key Points: 
  • For more than 150 years, Danes have been among the most economically free people on Earth, which resulted in marked prosperity for the small country.
  • At the turn of the 20th century, for instance, Denmark had one of the highest income levels in Europe.
  • However, from 1970 to 1995, Denmark’s government spending (as a share of the economy) skyrocketed from 24 per cent to 59 per cent.
  • (Denmark would have ranked first if not for its poor performance in the size of government component of the economic freedom measurement.)

Fraser Institute News Release: Hong Kong drops from #1 rank for the first time in history; Singapore takes top spot

Retrieved on: 
Tuesday, September 19, 2023

The report measures the economic freedom of individuals—their ability to make their own economic decisions—by analyzing the policies and institutions of 165 jurisdictions.

Key Points: 
  • The report measures the economic freedom of individuals—their ability to make their own economic decisions—by analyzing the policies and institutions of 165 jurisdictions.
  • The policies examined include regulation, freedom to trade internationally, size of government, legal system and property rights, and sound monetary policy.
  • According to this year’s report, Hong Kong—for the first time in the history of this report—slipped from the top position.
  • Hong Kong's prosperity will likely suffer as a result,” said Matthew Mitchell, senior fellow at the Fraser Institute.

Fraser Institute News Release: Canada trails U.S. in annual economic freedom ranking; Hong Kong falls out of the top spot in economic freedom for the first time

Retrieved on: 
Tuesday, September 19, 2023

“This should be worrying to all Canadians as lower levels of economic freedom leads to slower economic growth and less investment,” McMahon added.

Key Points: 
  • “This should be worrying to all Canadians as lower levels of economic freedom leads to slower economic growth and less investment,” McMahon added.
  • “Hong Kong’s recent turn is an example of how economic freedom is intimately connected with civil and political freedom.
  • Hong Kong's prosperity will suffer as a result,” said Matthew Mitchell, senior fellow in the Centre for Economic Freedom at the Fraser Institute.
  • The Fraser Institute produces the annual Economic Freedom of the World report in cooperation with the Economic Freedom Network, a group of independent research and educational institutes in nearly 100 countries and territories.

Fraser Institute News Release: Ottawa’s new building energy efficiency regulations will add $55,000 to cost of new homes in Canada by 2030

Retrieved on: 
Tuesday, September 12, 2023

Crucially, the stricter building regulations will only reduce Canada’s total emissions by 0.9 per cent.

Key Points: 
  • Crucially, the stricter building regulations will only reduce Canada’s total emissions by 0.9 per cent.
  • Across Canada, the increased home costs range from a high of $78,093 in British Columbia to $22,144 in New Brunswick.
  • What’s more, the new regulations will affect the Canadian economy broadly, reducing economic activity by 1.8 per cent, which translates to roughly $1,700 per worker starting in 2026.
  • “Given these new building regulations will only reduce Canada’s emissions by less than one per cent, policymakers should maybe ask whether the costs are worth it.”

Average Swedes pay high taxes to finance large government

Retrieved on: 
Thursday, August 17, 2023

Specifically, in 2022 government spending in Sweden (as a share of the economy) was 46.8 per cent compared to 41.5 per cent in Canada.

Key Points: 
  • Specifically, in 2022 government spending in Sweden (as a share of the economy) was 46.8 per cent compared to 41.5 per cent in Canada.
  • In other words, the top personal income tax rate in Sweden applies to many average Swedish workers and families.
  • “Average Swedes pay the tax price for their large government sector,” Norberg said.
  • Finally, according to polling data released in 2023, Canadians overwhelmingly reject higher personal income taxes and a higher GST to finance more government spending.

3 Greenberg Traurig Attorneys Selected in First Annual 2023 New England Legal Awards

Retrieved on: 
Thursday, July 27, 2023

BOSTON, July 27, 2023 /PRNewswire-PRWeb/ -- Three attorneys from global law firm Greenberg Traurig, LLP's Boston office have been selected in the first-ever ALM | Law.com's 2023 New England Legal Awards. Elizabeth W. Fraser, co-chair of the Boston Corporate Practice, is a winner in the category for "Best Mentors;" Robert A. Sherman, senior counsel in the Litigation Practice, is a winner in the category for "Lifetime Achievement;" and Chinh H. Pham, co-chair of the Venture Capital & Emerging Technology Practice and the Boston Intellectual Property (IP) & Technology Practice, is an "Attorney of the Year" finalist.

Key Points: 
  • BOSTON, July 27, 2023 /PRNewswire-PRWeb/ -- Three attorneys from global law firm Greenberg Traurig, LLP's Boston office have been selected in the first-ever ALM | Law.com 's 2023 New England Legal Awards .
  • The New England Legal Awards celebrates professional excellence in the law in Connecticut, Maine, Vermont, New Hampshire, Massachusetts, and Rhode Island.
  • This year is the biggest group of winners in the history of the awards, as it previously only accepted attorney and law firm nominees from Connecticut.
  • As ambassador, he focused heavily on bilateral economic development and international security issues, such as cybersecurity, refugees, narcoterrorism, and NATO.

Fraser Institute News Release: Major Ontario cities dominate the rankings of lowest growth in Canada for median employment income

Retrieved on: 
Tuesday, June 13, 2023

Analysis of Changes in Median Employment Income in Canada’s Census Metropolitan Areas, 2008-2019 ranks the same 41 cities by their rate of growth in median employment income, using data from 2008 to 2019.

Key Points: 
  • Analysis of Changes in Median Employment Income in Canada’s Census Metropolitan Areas, 2008-2019 ranks the same 41 cities by their rate of growth in median employment income, using data from 2008 to 2019.
  • The median employment income growth, in inflation adjusted dollars, of all of Canada was 5.4 per cent.
  • In addition, Ottawa-Gatineau, which recorded the highest level of median employment income as of 2019 essentially recorded zero growth in median employment income over this period after adjusting for inflation.
  • The only other major Canadian city that experienced negative growth in median employment income was Calgary (-3.6 per cent).