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.



Promoting a More Inclusive Dialogue

An eighteenth-century French political advisor, writing during the ascendancy of imperialism and colonialism, is reputed to have described taxation as an art rather than a science. The analogy which he chose for his description, loosely translated, was that the art of taxation is the art of extracting from the goose the maximum number of feathers with the minimum amount of hissing. Of course in those times, claims about the legiti - macy of taxation were largely circumscribed by geography, and no-one (except the goose) expected the goose either to choose which farmyard to inhabit or whether to partake in any dialogue before being deprived of her feathers.


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