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Global Tax Fairness$
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Thomas Pogge and Krishen Mehta

Print publication date: 2016

Print ISBN-13: 9780198725343

Published to Oxford Scholarship Online: March 2016

DOI: 10.1093/acprof:oso/9780198725343.001.0001

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Tax Competitiveness—a Dangerous Obsession

Tax Competitiveness—a Dangerous Obsession

Chapter:
(p.265) 12 Tax Competitiveness—a Dangerous Obsession
Source:
Global Tax Fairness
Author(s):

Nicholas Shaxson

John Christensen

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198725343.003.0013

This chapter addresses the promotion by many politicians around the world of so-called “tax competitiveness.” It proposes that this ideologically driven phenomenon is reframed as “tax wars” and suggests a set of recommendations for how developing countries can respond to such economic warfare. It also argues for the creation of a think tank whose mission would be to counteract tax competition as an ideology, that is, as a belief system that falsely promotes tax competition as a demand of economic realities. The world understands now that offering tax incentives to tempt investment, hot money, and individual wealth shrinks the tax base, distorts markets, and results in a “race to the bottom” in which nobody (except for the very richest people) wins. The chapter makes a compelling case for ending the race to the bottom since it harms sustainable development while also undermining democratic governments and diminishing human rights.

Keywords:   tax wars, tax competition, tax havens, race to the bottom, developing countries, ideology

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