International Tax Competition

Globalisation and Fiscal Sovereignty

image of International Tax Competition
International tax competition has come to the forefront of global economic policy debate at the outset of the 21st Century. The importance of taxation regimes as an essential factor in driving economic growth, investment inflows and national development has increasingly been recognised.

However, there have also been growing concerns amongst the European Union and the OECD countries that tax competition can be harmful to their economies. A large number of Commonwealth developing countries are now potentially affected by the EU and OECD initiatives to regulate international tax competition.

This book provides a collection of articles by experts from Commonwealth countries on international tax competition, considering the concerns of affected nations. Issues such as globalisation and fiscal sovereignty, WTO issues, and economic development perspectives are considered with particular reference to the concerns of small and developing economies of the Commonwealth.



Getting the Domestic Financial Architecture Right

The Asian crisis of 1997–98 highlights the importance of the financial sector to development. The loss of wealth and income that followed in the wake of the crisis underscored the nexus between robust financial systems and the reduction in poverty that is expected to accompany economic growth and development. The crisis, which capped those of the past two decades by its widespread domestic and international contagion, cata pulted the architecture of the international financial system, and by implication that of the domestic system, to a position of prominence on the agenda of international economic issues.


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error