Dilemmas of tax policy in a globalized economy -- Global planners and strategic players -- The tax treaties myth -- Costs of multilateral cooperation -- Cooperation and its discontents -- International tax and global justice -- Perfecting the international tax market

Policymakers and scholars troubled by the race to the bottom created by tax competition espouse a cooperative multilateral solution that will compel universal cooperation. This chapter suggests that cooperation should be treated with caution, as – despite its positive reputation –...