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Review essay - Harmful tax competition: Defeat or victory?

Published on 01 Jan 07 by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE

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 preferential tax regimes for mobile financial capital, 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 subsequently shifted towards less onerous exchange of information obligations. This review essay discusses recent research into the OECD’s attempt at regulating harmful tax competition.

Author profiles:

Sunita Jogarajan CTA
Sunita is a Lecturer in the Faculty of Law at the University of Melbourne. She is also affiliated with KPMG, working in tax policy. Current at 27 February 2007 Click here to expand/collapse more articles by Sunita JOGARAJAN.
 
Prof Miranda Stewart CTA
Miranda is a leading international expert on tax law and policy, and Director of the Tax and Transfer Policy Institute at Crawford School, Australian National University (ANU) in Canberra. Professor Stewart has more than 20 years experience working at the leading edge of policy research, design and development. She joined ANU from the University of Melbourne, where she was a Director of Tax Studies for many years. She has previously worked at New York University School of Law in the United States, in major Australian law firms advising business on tax law, and at the ATO advising on business tax law and policy, and has consulted for government on various tax and transfer policy issues. Current at 30 June 2015 Click here to expand/collapse more articles by Miranda STEWART.
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