By William Vlcek
This booklet analyzes transferring overseas taxation thoughts in pursuit of tax nomads, participants and firms who reduce their tax duties between a number of nations. targeting the efforts of the USA, the collective endeavours of the eu Union and the worldwide initiative of the OECD below G20 assistance, it investigates their makes an attempt to appreciate and keep watch over the mechanisms hired via such nomads. the writer directs specific awareness to highbrow estate, utilized by multinational firms to maneuver source of revenue from high-tax to low-tax destinations. opposite to claims that globalization hinders tax assortment, Vlcek argues that nation sovereignty and country energy stay the defining attribute of overseas taxation. the ecu and OECD in flip, he concludes, are leveraging cooperation with the U.S. to strength different international locations to percentage taxpayer details with them. this important paintings will curiosity economists, political scientists and tax experts.
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Extra resources for Offshore Finance and Global Governance: Disciplining the Tax Nomad
90–103). It is this tension over fiscal sovereignty that animates the discourse and motivates the exercise of power in the international by leading state actors. Consequently, there are competing interests between jurisdictions for which their claim to sovereignty both justifies the actions of the jurisdiction and at the same time hinders the same actions by the jurisdiction. It is the responsibility and obligation of the state to act in the best interest of its residents to collect the tax revenue required to fund public goods.
The global governance apparatus involved in questions of international taxation includes those international agreements in addition to international organisations such as the OECD. As explained in the previous chapter, the term jurisdiction is used when the object of analysis may be a non-independent territory in addition to the sovereign state. Thus, while Krasner’s analysis applies to the sovereignty practices of recognised sovereign territories (under the international legal sovereignty form of sovereignty), the jurisdictions considered in this analysis also include the less-than-fully-sovereign territories.
Harmful tax competition: An emerging global issue. Paris: OECD Publications. OECD. (2013). Addressing base erosion and profit shifting. Paris: OECD Publications. Oxfam. (2000). Tax havens: Releasing the hidden billions for poverty eradication. Oxfam GB, Oxfam GB Policy Paper. K=20040623_2316_000034. Accessed 20 Apr 2002. Palan, R. (1998). Trying to have your cake and eating it: How and why the state system has created offshore. International Studies Quarterly, 42, 625–644. Palan, R. (2002). Tax havens and the commercialization of state sovereignty.