International Tax Competition: A New Framework for Analysis

Spurred by the liberalisation of capital flows and the launching of the EU single market and monetary union, the last two decades have witnessed an intense European and international debate on the need for supranational tax co-ordination. In recent years there has been a clear shift in the dominant opinion in this long-standing debate. Only a few years ago the European Commission expressed concern that international tax competition seems to shift the tax burden from mobile capital onto unemployment-ridden labour ...