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.



The OECD, Harmful Tax Competition and Tax Havens: Towards an Understanding of the International Legal Context

The primary purpose of this paper is to provide an initial and necessarily partial contribution to an understanding of the general international legal aspects which arise from that part of the OECD initiative on harmful tax competition which relates to so-called tax havens. In this regard the OECD initiative has been taken to be that represented by the reports entitled Harmful Tax Competition: An Emerging Global Issue and Towards Global Tax Co-operation: Report to the 2000 Ministerial Council Meeting and Recommendations by the Committee on Fiscal Affairs. Account has also been taken of associated governmental and intergovernmental documents (the majority of which are in the public domain) including the ‘Framework for a Collective Memorandum of Understanding on Eliminating Harmful Tax Practices’.


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