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HARMFUL TAX COMPETITION?
Author(s) -
Teather Richard
Publication year - 2002
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/1468-0270.00385
Subject(s) - tax competition , competition (biology) , action (physics) , economics , public economics , law and economics , business , ad valorem tax , international trade , international economics , tax reform , market economy , ecology , biology , physics , quantum mechanics
European governments are currently engaged in an assault on tax havens, to stamp out what they call ‘unfair tax competition.’ This article examines and rejects the arguments they use to justify this action and shows that tax competition is (like all forms of competition) beneficial, except perhaps as practised by European governments themselves.