Contact Information:

Center for
Freedom and Prosperity
 P.O. Box 10882
Alexandria, Virginia 22310-9998
Phone: 202-285-0244
Fax: 208-728-9639

CFPF Press Release, November 27, 2001

Center for Freedom and Prosperity Foundation

For Immediate Release
Tuesday, November 27, 2001

New Study Explains Why Tax Harmonization Threatens America's Competitive Advantage In Global Economy

The Center for Freedom and Prosperity Foundation today released a comprehensive study showing why tax harmonization is a threat to America's competitive advantage. Andrew Quinlan, President of the Center for Freedom and Prosperity, remarked, "This new study definitively explains why the tax harmonization and information exchange schemes of the Organization for Economic Cooperation and Development, the European Union, and the United Nations are a threat to America's interests."

The report, entitled "The Adverse Impact of Tax Harmonization and Information Exchange on the U.S. Economy," is written by Heritage Foundation tax expert Daniel J. Mitchell.

"The United States is a low-tax jurisdiction, the United States is a tax haven, and the United States is the world's biggest beneficiary of international tax competition," said Daniel Mitchell. "The overall tax burden in the U.S. is 29 percent of GDP, compared to 43 percent of GDP in the European Union. This enormous advantage helps explain why living standards in the U.S. are 50 percent higher than EU levels, why economic growth has been so much stronger in America over the past two decades, and why unemployment rates are so much lower in the United States."

"Hopefully, this new report will make United States policy makers understand that the interests of the United States are not the same as the interests of countries like France or Germany," added Veronique de Rugy, Cato Institute policy analyst and Center for Freedom and Prosperity Board member.

"Armed with this new information, we can expect even greater resistance from American policy makers to the anti-taxpayer proposals of the OECD, EU and UN." concluded Quinlan.

The full report can be found on the Center for Freedom and Prosperity's web page (link below):

PDF version:


For additional comments:
Andrew Quinlan can be reached at 202-285-0244,
Dan Mitchell can be reached at 202-608-6224,
Veronique de Rugy can be reached at 202-842-0200,

The Center for Freedom and Prosperity Foundation is a nonprofit, nonpartisan public policy, research, and educational organization operating under Section 501(C)(3). The CFP Foundation is the research and educational affiliate of the Center for Freedom and Prosperity (CFP) and can be reached by calling 202-285-0244 or visiting our web site at


Return Home

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