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CF&P  Press Release, August 27, 2009

Center for Freedom and Prosperity Foundation

For Immediate Release
Thursday, August 27, 2009
202-285-0244
www.freedomandprosperity.org

CF&P to Continue Fight for Free Markets at
OECD's Global Tax Summit

(Washington, D.C., Thursday, August 27, 2009) --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.

Beginning with the publication of Harmful Tax Competition: An Emerging Global Issue in 1998, the Organization for Economic Cooperation and Development has been working on behalf of high-tax nations to prop up inefficient tax regimes by seeking to hinder the flow of jobs and capital to low-tax jurisdictions. The Center for Freedom and Prosperity was created in 2000 to defend this liberalizing process, and CF&P has attended previous Global Forums to assist jurisdictions fighting the OECD's fiscal imperialism.

CF&P will serve both as a sounding board and as a source of strategic intelligence for the low-tax nations and territories at the summit. CF&P President Andrew Quinlan and CF&P Board Chairman Dan Mitchell of the Cato Institute will be making the trip and will be available to meet with interested parties. Much of the information shared by CF&P at the forum is discussed in the Strategic Memo linked below:

CF&P Strategic Memorandum: Protecting Good Tax Policy
http://www.freedomandprosperity.org/memos/m08-27-09/m08-27-09.shtml

"High-tax nations have succeeded in bullying low-tax jurisdictions into signing agreements to provide information about foreign investors in response to specific requests. This is unfortunate, but the real concern is that this is just the first step in an endless series of demands," said CF&P President Andrew Quinlan.

"You don't turn a crocodile into a vegetarian by feeding him your leg, and the same is true in the world of tax," said the Cato Institute's Dan Mitchell, who further explained that, "High-tax nations will now move the goal posts and make further demands for things such as unlimited information sharing, special rules for monitoring high net worth individuals, and harmonization of corporate taxation."

To arrange meetings with CF&P, please contact Andrew Quinlan at +1-202-285-0244 or andy@freedomandprosperity.org.

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