Assessing the Playing Field
International Cooperation in Tax Information Exchange
Camille Stoll-Davey
Paper: 978 0 85092 856 3
Price: $19.95  

Publisher: Commonwealth Secretariat
August 2007 , 52 pp., 6 1/2" x 9 1/2"
Series: Economic Paper Series 77
Taxation is a significant factor in determining the global distribution of economic activity, particularly in the financial services sector, one of the most rapidly growing components of the global economy. For small and developing countries to participate in this sector depends on creating a “level playing field” between rich countries on the one hand, and small and developing countries on the other. It also requires mechanisms for removing the present and potential future discrimination against small and developing countries in this sector.

Stoll-Davey analyzes recent debates between the OECD and small and developing countries (represented through the International Trade and Investment Organization), and suggests ways to ensure fairness in future international taxation matters.

Table of Contents:
Foreword–Ransford Smith; Executive Summary; 1) INTRODUCTION; 2) BACKGROUND TO THE 2006 ASSESSMENT: Competition Among Financial Centres; Capital Mobility; Market Efficiency; Global Competition and Regulatory Response; Democratic Deficit; 3) THE ‘LEVEL PLAYING FIELD’ IN CONTEXT; 4) METHODOLOGY; 5) REVIEW OF SELECTED COUNTRIES: First Group–OECD Countries: 1) The United States of America; 2) The United Kingdom; 3) Canada; 4) Japan; 5) France; 6) Germany; 7) Italy; 8) Switzerland; 9) Austria; 10) Luxembourg; Second Group–ITIO countries: 1) The Cayman Islands; 2) The British Virgin Islands; 3) Barbados; 4) St. Kitts and Nevis; 5) St. Lucia; 6) Samoa; 7) Vanuatu; 8) The Isle of Man; Third Group–Non-ITIO and Non-OECD Countries: 1) Mauritius; 2) Singapore; 3) United Arab Emirates; 4) Bahrain; 5) Hong Kong, China; 6) Costa Rica; 7) Monaco; 6) OBSERVATIONS; 7) THE IMPLICATIONS OF THE USE OF DTCS AS COMPARED WITH TIEAS; 8) A WAY FORWARD; 9) CONCLUSION; Appendices: I Average GDP of OECD Countries; II Average GDP of Countries Targeted as ‘Tax Havens’; III Counterparties to DTCs and TIES; Bibliography.


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