The OECD Viewpoint on Harmful Tax Competition

By Patricia Lampreave (Universidad Complutense de Madrid)

Multilateral measures are coordinated actions that can be regarded as a response to a globalized market. Multilateral measures can also be regarded as an attempt by the countries concerned to apply the principles of collaboration and joint coordination. In this regard, both the OECD and the Commission have implemented relevant measures.

In 1998, the OECD published a report with 19 recommendations to counter what it regarded as harmful tax competition. Subsequently, the OECD created the Forum on Harmful Tax Practices (the “Forum”) to oversee the implementation of the recommendations. The recommendations were adopted by 28 of the (then) 30 OECD Member countries. Since then the OECD has been published new reports that are analyzed in this article.

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