Regime change: not as easy as it looks. The legacy of the OECD's harmful tax practices initiative: implications for Australia and Vanuatu

In 1998 the OECD issued a report announcing a project to rid the World of harmful tax practices. null Targeted were preferential tax regimes that permitted residents of foreign countries to escape their home country tax obligations. null The project was premised on fairness and morality, namely that those who enjoy the benefits of a welfare state should make a fair contribution to its maintenance. From the outset the process adopted by the...