Center for Freedom and Prosperity
For Immediate Release
Wednesday, October 7, 2015
Statement from CF&P President on OECD
BEPS Tax Grab
(Washington, D.C., Wednesday, October 7, 2015) Following the OECD’s release of the final package for its project on Base Erosion and Profit Shifting (BEPS), Center for Freedom and Prosperity President Andrew Quinlan offered the following statement:
“The OECD has used corporate tax avoidance as a red herring to once again attack global tax competition. Rather than compete fairly with other jurisdictions to offer attractive investment environments, the rich-member nations of the OECD want to dictate tax policy to the rest of the world.
Nations that want to remain competitive should defend their sovereign taxing authority and refuse to join the OECD’s tax cartel. Let the OECD prove whether it truly offers mere recommendations, or whether it will once again cajole, strong-arm, and blackmail nations into following its dictates.”
Earlier this year, the Center for Freedom & Prosperity published a report, titled “Making Sense of BEPS: The Latest OECD Assault on Tax Competition,” demonstrating that the goals of the BEPS project are to limit tax competition and enable higher taxes throughout the globe.
The Center for Freedom & Prosperity is a Washington, DC based think-tank dedicated to promotion of tax competition, financial privacy and fiscal sovereignty.
For additional comments:
Andrew Quinlan can be reached at 202-285-0244, email@example.com