Author ORCID Identifier
Document Type
Article
Disciplines
Political science
Abstract
This article investigates how recent attempts by the European Union (EU) and the Organisation for Economic Co-operation and Development (OECD) to clamp down on harmful tax competition will affect small island economies with offshore financial centres (OFCs). It argues that although there are legitimate concerns about the initiatives, the likelihood that small island OFCs will disappear is remote. A confluence of factors have forced the EU and OECD to dilute their original proposals to the extent that while some marginal OFCs may be driven out of existence, more sophisticated OFCs will be unharmed and may even benefit from this supposed regulatory offensive.
DOI
https://doi.org/10.1080/09557570601003569
Recommended Citation
Richard Woodward (2006) Offshore Strategies in Global Political Economy: Small Islands and the Case of the EU and OECD Harmful Tax Competition Initiatives, Cambridge Review of International Affairs, 19:4, 685-699, DOI: 10.1080/09557570601003569
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Publication Details
Woodward, R. (2006) ‘Offshore Strategies in Global Political Economy: Small Islands and the Case of the EU and OECD Harmful Tax Competition Initiatives’, Cambridge Review of International Affairs, vol. 19, 4, pp. 685-99.
https://www.tandfonline.com/doi/full/10.1080/09557570601003569
https://doi.org/10.1080/09557570601003569