When countries' economies were relatively closed, tax systems reflected purely and exclusively national characteristics. Policymakers worried about the capacity of their tax systems to generate needed revenue, about the ability of their tax administrations to administer the national taxes, and...

This paper gives an overview and current status of foreign direct investment (FDI) in Latin America. It discusses the competition among the countries for FDI based on tax considerations and how this competition often contrasts the standards set in the World Trade Organization.

The current age of globalization can be distinguished from the previous one by the much higher mobility of capital than labor. The mobility of capital has led to tax competition, in which sovereign countries lower their tax rates on income earned by foreigners within their borders in order to...

This paper gives an overview and current status of foreign direct investment (FDI) in Latin America. It discusses the competition among the countries for FDI based on tax considerations and how this competition often contrasts the standards set in the World Trade Organization.

The current age of globalization can be distinguished from the previous one by the much higher mobility of capital than labor. The mobility of capital has led to tax competition, in which sovereign countries lower their tax rates on income earned by foreigners within their borders in order to...