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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
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 2007Prof Miranda Stewart CTA
Prof. Miranda Stewart, CTA, is a Professor at Melbourne Law School, The University of Melbourne and is an honorary Professor at the Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University. Recent books include Tax and Government in the 21st Century (Cambridge University Press, 2022), Death and Taxes (Thomson Reuters, 2022) with Michael Flynn KC and Income Taxation: Commentary and Materials (Thomson Reuters, 2023) with Graeme Cooper, Michael Dirkis and Richard Vann. - Current at 27 May 2024
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