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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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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 31 July 2021

Tax Competitiveness—a Dangerous Obsession

Tax Competitiveness—a Dangerous Obsession

(p.265) 12 Tax Competitiveness—a Dangerous Obsession
Global Tax Fairness

Nicholas Shaxson

John Christensen

Oxford University Press

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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