Harmful Tax Competition: Defeat or Victory?
Australian Tax Forum, Vol. 22, No. 1, pp. 3-17, 2007
9 Pages Posted: 30 Oct 2007
In the late 1990s, the OECD launched its report on Harmful Tax Competition - An Emerging Global Issue. The goal of the OECD was to eliminate or regulate harmful preferentail tax regimes for mobile financial captial, including tax havens. By 2001, the OECD consensus, already shaky as a result of abstention by Switzerland and Luxembourg, was breached by the United States and the OECD backed away from strong sanctions against tax havens. The focus of the OECD project subsquently shifted towards less onerous exchange of information obligations. This reveiw essay discusses recent research into the OECD's attempt at regulating harmful tax competition.
Keywords: OECD, regulation, harmful, tax, competition
JEL Classification: K34
Suggested Citation: Suggested Citation