The Market Center Blog

Contact Information:

Center for
Freedom and Prosperity
 P.O. Box 10882
Alexandria, Virginia
22310-9998
202-285-0244

CF&P Foundation: Press Release

Center for Freedom and Prosperity Foundation

For Immediate Release
Friday, April 11, 2008
202-285-0244
www.freedomandprosperity.org

Coalition for Tax Competition Urges World Bank
To Reject Anti-Free Market Agenda

(Washington, DC, Friday, April 11, 2008) - The Center for Freedom and Prosperity Foundation, joined by 31 of the country's most influential free-market groups, has sent a letter urging the World Bank "to stand on the side of tax competition and fiscal sovereignty and not for bigger and more intrusive governments."

The Coalition for Tax Competition letter is in response to an upcoming World Bank study on the relationship between so-called offshore financial centers and economic development (see fact sheet below on the study). Done properly, such a study shows that low-tax jurisdictions and tax competition promote global prosperity. Unfortunately, the people pushing this study have an anti-liberalization agenda and will pressure the World Bank into producing a report that unfairly attacks low-tax policies.

Link to Coalition for Tax Competition letter:
http://www.freedomandprosperity.org/ltr/ctc-wb/ctc-wb.shtml

Link to Fact Sheet on the World Bank Study:
http://www.freedomandprosperity.org/worldbankstudy-facts/worldbankstudy-f acts.shtml

"The World Bank's mission is to promote global prosperity. It should not be beholden to the anti-competitive, anti-free market agenda advanced by statist institutions," said Andrew F. Quinlan, President of the Center for Freedom and Prosperity Foundation.  "The Coalition for Tax Competition is sending a strong message to the World Bank explaining why tax competition is important and why the Bank should reject the anti-free market agenda advocated by ideological groups like the Tax Justice Network and statist bureaucracies such as the OECD," Quinlan added.

The letter from the Coalition for Tax Competition states, "efforts to stymie tax competition are contrary to sound economic policy. The major opponents of tax competition-such as the Tax Justice Network and the OECD-espouse a harsh ideological approach, under which high-tax nations dictate global tax policy. Their central objective is increased statism at the expense of fiscal sovereignty. The World Bank should actively oppose this objective, not facilitate it."
 

Other comments from Coalition members:

Grover Norquist, President, Americans for Tax Reform:  "We hope that the World Bank considers the positive effects of tax competition and low-taxes on global prosperity and not the narrow view of statist policy makers from European-Welfare States"

Duane Parde, President, National Taxpayers Union: "The World Bank should recognize that economic freedom is indispensable to the well-being of developing nations. It would be a tragic mistake for the World Bank, an institution that exists to fight poverty by fostering prosperity, to embrace statist policies that will thwart its mission."

Note:  CF&P Foundation sent an individual letter in to the World Bank on November 7, 2007
http://www.freedomandprosperity.org/ltr/quinlan-wb/quinlan-wb.shtml

 

Representatives of the following 32 organizations signed the Coalition for Tax Competition letter:

Center for Freedom and Prosperity Foundation, American Conservative Union, American Legislative Exchange Council, American Shareholders Association, Americans for Limited Government, Americans for Prosperity and AFP Foundation, Americans for Tax Reform, Capital Research Center, Club for Growth, Coalitions for America., Competitive Enterprise Institute, Council for Citizens Against Government Waste, Ethan Allen Institute, FreedomWorks, Hudson Institute, Institute for Research on the Economics of Taxation, Iowans for Tax Relief, Kansas Taxpayers Network, Leadership Institute, National Center for Public Policy Research, National Tax Limitation Committee, National Taxpayers Union, Oregon Taxpayers Union, Public Interest Institute, 60 Plus Association, Small Business & Entrepreneurship Council, Sovereign Society, Taxpayers League of Minnesota, Taxpayer's Protection Alliance, Tennessee Tax Revolt, United Californians for Tax Reform, and, West Virginians Against Government Waste.

 

Text of letter:

April 2, 2008

Robert B. Zoellick
President
World Bank Group
1818 H Street, NW
Washington, DC 20433

Dear Mr. Zoellick,

We are writing on behalf of the supporters of tax competition to express our concern about reports that the World Bank is being pressured into a campaign against low-tax policies.

This would be a mistake for the institution. The World Bank should not be involved in a project that seeks to undermine tax competition.

There is considerable evidence that tax competition - by encouraging lower tax rates and fundamental tax reform - has been good for the global economy. Indeed, the World Bank should embrace tax competition for its ability to stimulate pro-growth policies that encourage investment and innovation.

Efforts to stymie tax competition are contrary to sound economic policy. The major opponents of tax competition-such as the Tax Justice Network and the OECD-espouse a harsh ideological approach, under which high-tax nations dictate global tax policy. Their central objective is increased statism at the expense of fiscal sovereignty. The World Bank should actively oppose this objective, not facilitate it.

Please review the attached CF&P Fact Sheet for more information on our concerns.

Thank you in advance for your time and we hope that the World Bank will stand on the side of tax competition and fiscal sovereignty and not for bigger and more intrusive governments.

Sincerely,

Andrew F. Quinlan ~ President, Center for Freedom and Prosperity Foundation
Grover Norquist ~ President, Americans for Tax Reform
Duane Parde ~ President, National Taxpayers Union
David A. Keene ~ Chairman, American Conservative Union
Karen Kerrigan ~ President & CEO, Small Business & Entrepreneurship Council
Thomas Schatz ~ President, Council for Citizens Against Government Waste
Matt Kibbe ~ President, FreedomWorks
Paul M. Weyrich ~ National Chairman, Coalitions for America.
Morton C. Blackwell ~ President, Leadership Institute
Clyde Wayne Crews ~ Vice President for Policy, Competitive Enterprise Institute
Tim Phillips ~ President, Americans for Prosperity and AFP Foundation
Patrick J. Toomey ~ President, Club for Growth
Steve Faris ~ National Chairman, American Legislative Exchange Council
Terrence Scanlon ~ President, Capital Research Center
Ryan Ellis ~ Executive Director, American Shareholders Association
John McClaughry ~ President, Ethan Allen Institute
Roland A. Boucher ~ Chairman, United Californians for Tax Reform
David Strom ~ President, Taxpayers League of Minnesota
Don Racheter ~ President, Public Interest Institute
Amy Moritz Ridenour ~ President, National Center for Public Policy Research
Stephen J. Entin ~ President, Institute for Research on the Economics of Taxation
James L. Martin ~ President, 60 Plus Association
Jeffrey R. Boeyink ~ President, Iowans for Tax Relief
William Wilson ~ President, Americans for Limited Government
Herbert London ~ President, Hudson Institute
John Pugsley ~ Chairman, Sovereign Society
Lewis K. Uhler ~ President, National Tax Limitation Committee
Bill Sizemore ~ Executive Director, Oregon Taxpayers Union
Rick Durham ~ President, Tennessee Tax Revolt, Inc.
Karl Peterjohn ~ Executive Director, Kansas Taxpayers Network
Lori Klein ~ President, Taxpayer's Protection Alliance
Henry L. Thaxton ~ Director, West Virginians Against Government Waste

 

For additional comments:
Andrew Quinlan can be reached at 202-285-0244, andy@freedomandprosperity.org

__________________________

Coalition for Tax Competition
P.O. Box 10882
Alexandria, Virginia 22310
Phone: 202-285-0244
http://www.freedomandprosperity.org/ctc/ctc.shtml
ctc@freedomandprosperity.org

 

Return Home

[Home] [Issues] [Tax Competition] [European Union] [IRS NRA Reg] [Corporate Inversions] [QI] [UN Tax Grab] [CF&P Publications] [Press Releases] [E-Mail Updates] [Strategic Memos] [CF&P Foundation] [Foundation Studies] [Coalition for Tax Comp.] [Sign Up for Free Update] [CF&P At-A-Glance] [Contact CF&P] [Grassroots] [Get Involved] [Useful Links] [Search] [Contribute to CF&P]