New US Organisation Will Fight OECD For Tax Competition

Mike Godfrey, Tax-news.com, New York

22 November 2000

The Center for Freedom and Prosperity, a newly-formed US organisation created to promote market liberalization, is launching the Coalition for Tax Competition, which will fight for competitive international markets. The Coalition will work with governments, financial institutions, multi-national businesses and interested individuals to fight against proposals that make it easier for politicians to prop up burdensome tax systems by undermining financial privacy and trampling on fiscal sovereignty.

The formation of the Coalition is in response to the Paris-based OECD's 'harmful tax competition' initiative, which targets offshore jurisdictions in what economic liberals see as a a thinly-disguised attempt to preserve the tax take of the OECD's rich member states. Leading the Coalition are Daniel Mitchell and Andrew Quinlan, respectively President and Board Chairman of the Center for Freedom and Prosperity. Mitchell is senior fellow at the Heritage Foundation, while Quinlan is a former senior aide to Congress' Joint Economic Committee.

The Center's first public event will be a briefing at the Caribbean/Latin America Action conference in Miami on 7th December, dealing with the threat to the region's financial services industry. 'Tax competition and financial privacy should be celebrated, not persecuted,' said Quinlan. Mitchell added, 'Europe's welfare state politicians resent the loss of jobs and capital to the United States. If the OECD succeeds in bullying small nations in the Caribbean, they will then go after bigger targets such as Switzerland, Singapore, Ireland, and America.'

The Center for Freedom and Prosperity
202-285-0244
603-971-9137 (fax)
www.freedomandprosperity.org
For more information please e-mail info@freedomandprosperity.org.

Recommended