The tide is now turning against high-tax nations – particularly as more people understand that ever-increasing fiscal burdens inevitably lead to Greek-style fiscal collapse. Political changes in the United States further complicate the OECD’s ability to impose bad policy. Because of these developments, low-tax jurisdictions should be especially resistant to new anti-tax competition initiatives at the Bermuda Global Forum.

The Paris-based Organization for Economic Cooperation and Development has an ongoing project to prop up Europe’s inefficient welfare states by attacking tax competition in hopes of enabling governments to impose heavier tax burdens. This project received a boost when the Obama Administration joined forces with countries such as France and Germany, but the tide is now turning against high-tax nations – particularly as more people understand that such an approach inevitably leads to Greek-style fiscal collapse.

The Organization for Economic Cooperation and Development’s (OECD) Global Tax Forum concluded today amidst widespread complaints about the Paris-based bureaucracy’s bad-faith actions. Delegates from low-tax jurisdictions repeatedly remarked that the OECD grossly mischaracterized events in documents that were supposed to summarize prior discussions and form the basis of future reports and actions. Andy Quinlan, President of the Center for Freedom and Prosperity Foundation, commented that, “The OECD engaged in a pervasive pattern of dishonesty in order to advance the bad tax policy of high-tax nations.”

The bureaucrats at the Organization for Economic Cooperation and Development (OECD) are trying to suppress dissenting voices according to free-market activists who have traveled to Mexico City to defend tax competition, fiscal sovereignty, and financial privacy at the Global Tax Forum.

The Center for Freedom and Prosperity (CF&P) announced today it will be in Los Cabos, Mexico, next week to help educate delegates at the OECD’s Global Tax Forum about the benefits of tax competition, fiscal sovereignty, and financial privacy.