Center for Freedom and Prosperity
Statement on the G7 Meeting

Washington (April 29)  -- The Center for Freedom and Prosperity today praised the Bush Administration for defending pro-market tax policy and promoting America's national interests by blocking the inclusion, in the statement issued at the conclusion of the G7 meeting on Saturday, of language endorsing the OECD's so-called "harmful tax competition" project. Andrew Quinlan, the Center's President, stated, "The United States is the world's biggest beneficiary of jurisdictional tax competition and the new Administration deserves credit for resisting pressure from high-tax nations in Europe."

Free market activists were very pleased with the results. According to Heritage Foundation scholar Dan Mitchell, "The OECD's failure to obtain G7 support is a significant victory for those who value tax competition, financial privacy, and fiscal sovereignty. President Bush's team has done a tremendous job in a very short period of time."

But Quinlan noted that, "This is just one battle in a long war, which is why the Center will be leading a delegation to the OECD Ministerial meeting in mid-May."

For Immediate Release
202-285-0244
www.freedomandprosperity.org
press@freedomandprosperity.org

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