For Immediate Release
November 21, 2000
Group Formed to Defend Taxpayers
From International Threats
Center for Freedom and Prosperity to Kick-Off at Miami Conference
WASHINGTON, DC – Responding to efforts by international bureaucracies, the Center for Freedom and Prosperity has been formed to protect tax competition, financial privacy,
and fiscal sovereignty. The Center for Freedom and Prosperity's immediate priority is to lead the fight against the so-called "harmful tax competition" initiative of the Paris-based Organization for Economic
Cooperation and Development (OECD).
Acting at the behest of high-tax European nations, the OECD has threatened financial protectionism against nations with low-tax policies if they don't change their laws to
make it easier for Europe's welfare states to collect more revenue.
The Center for Freedom and Prosperity has created the Coalition for Tax Competition, which will fight for competitive international markets. Working with targeted
governments, financial institutions, multi-national businesses, and interested individuals, the Coalition for Tax Competition will fight against proposals that make it easier for politicians to prop up burdensome
tax systems by undermining financial privacy and trampling on fiscal sovereignty.
The Center for Freedom and Prosperity's first public event will be a briefing at the Caribbean/Latin America Action conference in Miami on December 7
<http://www.claa.org/conference00_daily_events.html>. Center for Freedom and Prosperity President Andrew Quinlan and Board Chairman Daniel Mitchell will brief attendees on the threat to the region's financial
"Tax competition and financial privacy should be celebrated, not persecuted," said Quinlan. Mitchell added, "Europe's welfare state politicians resent the loss of jobs
and capital to the United States. If the OECD succeeds in bullying small nations in the Caribbean, they will then go after bigger targets such as Switzerland, Singapore, Ireland, and America."
The Center for Freedom and Prosperity is a nonprofit independent organization created to promote market liberalization.The Center was founded by Mitchell, senior fellow at
The Heritage Foundation, and Quinlan, a former senior aide to Congress' Joint Economic Committee.
For more information please contact the Center for Freedom and Prosperity by calling 202-285-0244 or e-mailing email@example.com.