Sentences with phrase «removed economic distortions»

The replacement of the federal manufacturer's sales tax with the Goods and Services Tax in 1991 removed economic distortions and provided the government with a more reliable and stable revenue source.

Not exact matches

We would support any measure that removes distortions and increases economic efficiency.

You don't have to be an expert in public choice theory to understand that when the government owns companies that directly benefit from economic distortions, the incentives to remove those distortions are pretty low.

While economic theory lends no general support to the idea that removing distortions from one market must lead to an improvement in general welfare, much free - market politics assumes that it does so.