The OECD and offshore financial centres

Rearguard action against globalisation

Datos Bibliográficos

ID12734009
AutoresWilliam Vlcek (0000-0001-8647-5258, London School of Economics and Political Science, autor de correspondencia)
Año2004
Volumen16
Número3
Páginas227-242
Fecha de publicación2004-09-09
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaGlobal Change Peace & Security (JOURNAL)
Identificadores de la revistaISSN: 1478-1158 • E-ISSN: 1478-1166
EditorialRoutledge (PUBLISHER • GB)
DOI10.1080/0951274042000263762
OpenAlexW2001779400
IdiomaEN
Citas recibidas5

With publication of Harmful Tax Competition: An Emerging Global Issue the Organisation for Economic Cooperation and Development (OECD) initiated a campaign to eliminate income tax competition. The OECD characterised income tax rate competition between states as ‘harmful’. The advancement of communication technologies has broadened and deepened opportunities for citizens to utilise this gap within international relations to avoid taxes. Using technological features of globalisation to avoid tax, it is suggested these citizens are engaged in civil disobedience against income redistribution. Thus the action of the OECD is as much an action against globalisation as are street protests against World Trade Organisation (WTO) meetings. The argument here introduces the concept of harmful tax competition and describes the nature of the offshore financial centre. This is followed by a discussion exploring the interplay of taxation, technology, and the myriad small ways citizens avoid paying tax. The conclusion finds that the OECD is attempting to interdict opportunities to avoid taxation that are offered by the globalisation of financial services

Business · Competition (biology · Economic policy · Economics · Globalization · International economics · International taxation · International trade · Market economy · Political science · Politics · Redistribution (election · Tax competition · Tax reform · Corporate Taxation and Avoidance