Assessing the Playing Field

International Cooperation in Tax Information Exchange

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Assessing the Playing Field

Contributors: Camille Stoll-Davey
Series Title: Commonwealth Economic Paper Series
Publication date: 1 May 2007
Size: 240mm x 165mm
ISBN: 978-0-85092-856-3
Pages: 52

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. The participation of small and developing countries 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 analyses recent debates between the OECD and small and developing countries (represented through the International Trade and Investment Organisation), and suggests ways to ensure fairness in future international taxation matters.

ContentsExpand or collapse me
Foreword – Ransford Smith, Deputy Secretary-General, Commonwealth Secretariat
Executive Summary

I. Introduction

II. Background to the 2006 Assessment
IIa. Competition among Financial Centres
IIb. Capital mobility
IIc. Market efficiency
IId. Global competition and Regulatory response
IIe. Democratic Deficit

III. The ‘Level Playing Field’ in Context

IV. Methodology

V. Review of Selected Countries
Va. First Group – OECD countries
Vb. Second Group – ITIO countries
Vc. Third Group – non-ITIO and non-OECD countries

VI. Observations

VII. The Implications of the use of DTCs as compared with TIEAs

VIII. A Way Forward

IX. Conclusion

About the contributor Expand or collapse me

Camille Stoll-Davey (Author)

Camille Stoll-Davey The author holds a degree in accounting from Barry University, and a diploma in law from Oxford Brookes University, and is qualified as a Certified Public Accountant. She has held various senior positions in the finance industry and is currently completing her doctorate in financial law at the University of Oxford.