Abstract

http://ssrn.com/abstract=1266329
 


 



Regulating Tax Competition in Offshore Financial Centers


Craig M. Boise


C|M|LAW

September 1, 2008

Case Legal Studies Research Paper No. 08-26

Abstract:     
One of the more entrenched issues in international taxation over the last thirty years has been how to define and respond appropriately to harmful tax competition among nations, especially competition from offshore financial centers (OFCs). The Organization for Economic Co-operation and Development (OECD) and the European Union (EU) have both mounted initiatives seeking to regulate such competition, and OFCs have strongly objected to these initiatives as an abrogation of their sovereignty in tax matters.

This paper provides an introduction to the debate over the regulation of international tax competition, beginning with an overview of the essential architecture of international taxation and the way that its structure creates problems for developed countries and opportunities for OFCs, and continuing with an assessment of the arguments asserted in favor of, and against, regulating tax competition. The paper then examines how developed countries, through the OECD and EU, have defined international tax competition, and the efforts made by both organizations to regulate such competition. Finally, the paper draws on the way the OECD and EU dealt specifically with the twin touchstones of virtually all definitions of tax havens-low or no income taxation and bank secrecy-to suggest the direction that regulation of tax competition is likely to take in the future.

Number of Pages in PDF File: 35

Keywords: International Taxation, Tax Competition, Offshore Financial Centers ( OFC ), Organization for Economic Co-operation and Development ( OECD ), European Union ( EU ), Tax structure, Developing Countries, Tax Havens, Tax Evasion, Cayman Islands, Caribbean, Savings Tax Directive, Level playing field, I

JEL Classification: K33, K34, K40

working papers series





Download This Paper

Date posted: September 29, 2008 ; Last revised: February 6, 2010

Suggested Citation

Boise, Craig M., Regulating Tax Competition in Offshore Financial Centers (September 1, 2008). Case Legal Studies Research Paper No. 08-26. Available at SSRN: http://ssrn.com/abstract=1266329 or http://dx.doi.org/10.2139/ssrn.1266329

Contact Information

Craig M. Boise (Contact Author)
C|M|LAW
2121 Euclid Avenue, LB 138
Cleveland, OH 44115-2214
United States
216-687-2300 (Phone)

Feedback to SSRN


Paper statistics
Abstract Views: 2,332
Downloads: 726
Download Rank: 18,432

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo5 in 0.328 seconds