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.



WTO Compatibility of the OECD ‘Defensive Measures' against Harmful Tax Competition

As a result of a mandate granted by the OECD ministers in 1996, the OECD Secretariat prepared a report on harmful tax competition which outlined the features of taxation systems that the Secretariat viewed as distorting global taxation and finance decisions. The report identified two separate types of regimes that are deemed to be harmful, those that are tax havens and those that have preferential elements.


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