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Wednesday, November 18, 2020 | History

4 edition of Fiscal sovereignty and tax competition found in the catalog.

Fiscal sovereignty and tax competition

Wayne R. Thirsk

Fiscal sovereignty and tax competition

  • 361 Want to read
  • 31 Currently reading

Published by Government and Competitiveness, School of Policy Studies, Queen"s University in [Kingston, Ont.] .
Written in English

    Subjects:
  • Taxation.,
  • Tax incidence.

  • Edition Notes

    StatementWayne Thirsk.
    SeriesDiscussion paper series -- no. 93-08, Discussion paper (Queen"s University (Kingston, Ont.). School of Policy Studies) -- no. 93-08
    ContributionsGovernment and Competitiveness Project.
    Classifications
    LC ClassificationsHJ2321 .T48 1993
    The Physical Object
    Paginationvi, 76 p.
    Number of Pages76
    ID Numbers
    Open LibraryOL21187074M

      The Future of Financial Services in the Caribbean: International Tax Competition, Globalization and Fiscal Sovereignty (Part 2) Features / Columnists, Ronald Sanders 0 (A presentation by Sir Ronald Sanders on Friday 17 February at a Conference organised by Goethals Consulting Corp. in Panama on “Widening the Pathways to. However, as the Working Paper on State Aid and Tax Rulings issued by the Directorate-General for Competition in points out, “any fiscal measure a Member State adopts must comply with the EU state aid rules, which bind the Member States and enjoy primacy over their domestic legislation.” 3File Size: KB. Part II examines the use of sovereignty arguments in three case studies. In first the case (the OECD harmful tax competition project), tax sovereignty captures concerns over fiscal policy, democratic legitimacy, and inter-nation equity when states clash in designing tax rules to their advantage.


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Fiscal sovereignty and tax competition by Wayne R. Thirsk Download PDF EPUB FB2

Globalisation and Fiscal Sovereignty. 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.

Fiscal Sovereignty of the Member States in an Internal Ma and millions of other books are available for Amazon Kindle. Learn more. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device : $ Globalisation and Fiscal Sovereignty 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.

Yet, the combination of issues of democratic legitimacy, social justice, economic efficiency, and national sovereignty that tax competition raises clearly requires an interdisciplinary analysis. This book offers a rare example of this kind of work, bringing together experts from political science, philosophy, law, and economics whose contributions combine empirical analysis with normative and.

The objective is to determine the boundaries of national fiscal autonomy and the kinds of institutions that are capable of protecting them (p.

79). Tax competition raises a moral problem precisely because it weakens Fiscal sovereignty and tax competition book fiscal self-determination (Chapter 1). The two fiscal prerogatives Author: Alexandre Gajevic Sayegh.

How tax competition encourages better policy. The risks of letting international bureaucracies dictate global tax rules. The economic and moral case for financial privacy. The danger to America if fiscal sovereignty is curtailed. The OECD, the European Commission, and fiscal protectionism.

Broadly, the book deals with the concept of sovereignty in the European Union (EU), in relation to direct taxation.

It tries to delineate the significance of the concept in the context of the contemporary EU supranational environment, the extent to which this sovereignty has remained with the Member States and the normative implications of this.

limit harmful tax competition, and traces the EU experience with tax competition. Part III explores the normative grounds for challenging tax competition and the role of sovereignty in shaping and limiting these challenges. Finally, Part IV, working from the practical and theoretical baselines established in Part III, considers how an appreciation.

than the explicit transfer of tax sovereignty by each Member State, as it is not subject to unanimity. Fair versus Unfair Tax Competition As noted in section 1., fiscal policy is a part of the sovereignty exercised by each Member State. It cannot be denied that tax competition between the Member States is inevitable, given the.

structured to maintain fiscal sovereignty of countries, [ ] to achieve a fair the degree of competition etc.), the tax burden may be shifted and thus both income and consumption taxes can have a similar tax incidence.

In general, it is said that the tax 2. FUNDAMENTAL PRINCIPLES OF TAXATION – 5. International tax competition: globalisation and fiscal sovereignty, Rajiv Biswas, Commonwealth Secretariat,ISBN International Financial Centres (IFC) Forum on tax competition A competitive tax system is a better tax system, Nicholas Shaxson, Ellie Mae O'Hagan.

This chapter first sketches the impact of three different kinds of tax competition (for portfolio capital, so-called paper profits, and foreign direct investment (FDI)) on the de facto sovereignty.

13 Charles E. McLure Jr., “Globalization, Tax Rules and National Tax Sovereignty” () vol. 55, no. 8 Bulletin for International Fiscal Documentationat tax sovereignty and international tax reform: the author’s response Tax competition is a big issue because globalization has reduced barriers to cross-border transactions and this has facilitated the flow of jobs and capital from high-tax jurisdictions to low-tax jurisdictions.

Tax competition has forced dramatic tax rate reductions and tax reforms. High-tax Fiscal sovereignty and tax competition book. significant revenue losses as a result of harmful tax competition. Tax base erosion as a result of harmful tax practices can be a particularly serious threat to the econ-omies of developing countries.

The project will, by promoting a co-operative frame-work, support the effective fiscal sovereignty of countries over the design of their tax Size: KB. I sometimes wonder if I was put on this planet to defend tax competition and tax havens.

I argue for fiscal sovereignty, good tax policy, and financial privacy to the denizens of Capitol Hill, both in writing and in person. I make the same arguments for readers of the New York Times, as well as readers of big-box store magazines.

My affection for low-tax jurisdictions is so strong that I. Catching Capital The Ethics of Tax Competition Peter Dietsch. Provides a comprehensive and interdisciplinary analysis of tax competition that combines normative evaluation from a political philosophy perspective with the empirical work done in economics, political science, and law.

Thus, globalization and tax competition lead to a fiscal crisis for countries that wish to continue to provide social insurance to their citizens at the same time that demographic factors and the increased income inequality, job insecurity, and income volatility that result from globalization render such social insurance more by: It also identifies international mismatches between tax settings and purely domestic design irregularities that cause anomalous double- or non-taxation, and proposes an approach to tax design that recognises the policy functions (including anti-avoidance) of particular rules, the relative priority of different tax claims, the fiscal sovereignty.

4. The Internet sales tax cartel being promoted by Art and various politicians requires that governments have the ability to tax sales that tax place outside their borders.

That’s an assault of sovereignty, particularly since out-of-state merchants will be. This chapter examines the combination of fiscal sovereignty and coordination in national taxation systems in the context of globalization. It evaluates the rationale behind the design of cooperative rules across tax jurisdictions and discusses corporate profits and the treatment of income and capital flows across national borders.

This chapters concludes that in order to have a fair and. Tax Sovereignty in the BEPS Era. Published - Follow author Allison: Permalink. Kluwer law has recently published Tax Sovereignty in the BEPS Era, a collection of contributions I co-edited with Sergio Rocha, in which we and a slate of authors from a range of countries explore the impact of the BEPS initiative on "tax sovereignty"--which I take to mean the autonomy.

The power to raise taxes is a sine qua non for the functioning of the modern state. Governments frequently defend the independence of their fiscal policy as a matter of sovereignty.

The Paris-based Organization for Economic Cooperation and Development has an ongoing project to prop up Europe's inefficient welfare states by attacking tax competition in hopes of enabling governments to impose heavier tax burdens. This project received a boost when the Obama Administration joined forces with countries such as France and Germany, but the tide is now turning against high-tax.

8 Schön, Tax Competition in Europe – the legal perspective, EC Tax Reviewp et seq. 9 Easson, State Aid and the Primarolo List, EC Tax Journalp et seq.; Vanistendael, Fiscal Support Measures and Harmful Tax Competition, EC Tax Reviewp et seq.

context of “International Tax ompetition, Globalization and Fiscal Sovereignty”. As I speak, that future is bleak. Globalization has been a one-way street of impositions by powerful countries; fiscal sovereignty has been violated by the strong; and tax competition remains under threat from the Size: KB.

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.

The tax provisions chapter (Articles ) of the Treaty on the Functioning of the European Union, which relates to the harmonisation of legislation concerning turnover taxes, excise duties and other forms of indirect taxation; the chapter on the approximation of laws (Articles TFEU), which covers taxes that have an indirect effect.

The Relationship Between Sovereignty and Power of Taxation in the European Union: The Anti-Sovereign. The “negative” taxation, expression of an ideological option oriented towards the concept of market and the neutrality of the public finance, clearly indicates how the EU legal system is characterised by a subtractive but not substitutive function with regard to the tax power Author: Pietro Boria.

Kluwer law has recently published Tax Sovereignty in the BEPS Era, a collection of contributions I co-edited with Sergio Rocha, in which we and a slate of authors from a range of countries explore the impact of the BEPS initiative on "tax sovereignty"--which I take to mean the autonomy that nations seek to exercise over tax is the description.

The final section of the chapter extends the principles of tax justice defended in chapter 2 to the case of non-democratic regimes, where the internal conditions of fiscal sovereignty are not met. Keywords: Westphalian sovereignty, sovereignty as responsibility, sovereignty-preserving tax cooperation, non-democratic regimes, second-best solutions.

Secondly, tax competition tends to lead to more regressive fiscal regimes, which may well be at odds with the democratic preferences of citizens concerning the level of redistribution.

Dietsch also worries that tax competition widens the income gap between capital owners and everyone else, as well as between rich and poor countries (p. 31). The book argues that the notions of tax sovereignty and EU free movement should be regarded as two fundamentally equal principles.

The conflict between these two principles is resolved by establishing, in individual cases, the optimum position between two extremes: a general unrestricted freedom of action by states versus a prohibition of any obstacle to the free movement of goods, persons.

Students Book Project; Search for: the Commission states that moving to QMV would make it possible to avert “harmful tax competition and aggressive tax planning,” and bemoans the fact that “as the tax base becomes more mobile, Member States are increasingly constrained in the execution of their fiscal sovereignty.” Of course, the.

Daniel J. “Dan” Mitchell is a libertarian economist and former senior fellow at the Cato Institute. He is a proponent of the flat tax and tax competition, financial privacy, and fiscal sovereignty. International Tax Competition. RSS; who want to maximize taxation and those who understand that competition is leading to beneficial tax reforms.

for Tax Competition, Fiscal Sovereignty. The tide is now turning against high-tax nations – particularly as more people understand that ever-increasing fiscal burdens inevitably lead to Greek-style fiscal collapse.

Political changes in the United States further complicate the OECD’s ability to impose bad policy. Because of these developments, low-tax jurisdictions should be especially resistant to new anti-tax competition.

Preface Chapter 1 Contribution to: Fiscal Policy in the European Union Context – The Semi-detached Sovereignty of Member States in the European Union Fabian Amtenbrink and Helena Raulus Chapter 2 European Union Finances M.

Peter van der Hoek Chapter 3 The Single Market and National Tax Sovereignty René Barents Chapter 4 The Fiscal Aspects of the Free Movement of Workers in the. Year LVIII,Single Issue, Page NATIONAL FISCAL SOVEREIGNTY OR EUROPEAN TAXATION. With its two recent proposals for Council directives, the European Commission has, once again, brought the issue of the harmonisation of corporate tax bases into the spotlight, its aim being, initially, to introduce a single criterion for determining the common tax base, and at a later stage to.

Tax Sovereignty in the BEPS Era. Published - Follow author Allison: Permalink. Kluwer law has recently published Tax Sovereignty in the BEPS Era, a collection of contributions I co-edited with Sergio Rocha, in which we and a slate of authors from a range of countries explore the impact of the BEPS initiative on "tax sovereignty"--which I take to mean the autonomy that nations.

According to stereotypes, tax havens are little islands in the Caribbean, and indeed that’s true of some of the world’s premiere offshore centers. But to be more accurate, a tax haven is any jurisdiction that satisfies two criteria: First, its tax laws are attractive to global investors and entrepreneurs, and second, it protects its fiscal sovereignty by choosing not to enforce the bad tax.He is one of the nation’s leading experts on the flat tax, and has been the leading international voice in the fight to preserve tax competition, financial privacy, and fiscal sovereignty.

His responsibilities at the Institute include authoring papers, writing editorials, working with the public policy community, and presenting the free. EC Law and the Sovereignty of the Member States in Direct Taxation In order to develop a suitable framework for the analysis of the ECJ case law, it is first analysed what significance, if any, the concept of ‘sovereignty’ has in the contemporary supranational environment of the European :