The Heritage Foundation
invites you to a seminar

The battle to preserve tax competition,
financial privacy, and fiscal sovereignty

The "harmful tax competition" initiative: A violation of WTO obligations
-- Mark Warner, Hughes, Hubbard, & Reed; former
legal counsel for the OECD trade directorate

The OECD's attack on privacy, sovereignty, and the rule of law
-- Professor Gilbert Morris, George Mason
University & Gray's Inns of Court, London

Update from The Coalition for Tax Competition
-- Andrew Quinlan, Center for Freedom and Prosperity

Monday, April 23^rd

12:15-1:45

Capitol Hill Club

Private Dining Rooms 3 & 4

Lunch will be served

The Organization for Economic Cooperation and Development thinks it is unfair for low-tax nations to lure jobs, capital, and entrepreneurial talent away from high-tax countries. As such, the Paris-based bureaucracy has launched a "harmful tax competition" initiative designed to force low-tax jurisdictions to change their tax and privacy laws so that high-tax nations can more easily double-tax income that is saved and invested – even when that income is earned in other nations. Low-tax countries that refuse to comply are being threatened with financial protectionism.

The OECD policy, which was supported by the Clinton Administration, is strongly opposed by a wide range of organizations that believe in tax competition, financial privacy, and fiscal sovereignty. These groups hope that the Bush Administration will withdraw U.S. support for the OECD's proposed tax cartel, a step that almost certainly will cause the initiative to be shelved.

The seminar brings together three important speakers. Mark Warner is an International Antitrust and Trade Counsel in the New York and Washington, D.C. offices of Hughes Hubbard & Reed LLP. Prior to joining the firm, he was a legal counsel in the Organization for Economic Co-operation and Development. Dr. Gilbert Morris is a barrister-at-law and member of Gray's Inns of Court, London and Professor at George Mason University in Fairfax, Virginia. In addition, Professor Morris is Director of Security Policy Group International (SPGI) - where he is an expert on diplomacy, Financial Services Legislation, and Sovereignty Issues. Andrew Quinlan is President of the Center for Freedom and Prosperity, the group coordinating the battle to preserve tax competition, financial privacy, and fiscal sovereignty.

Please RSVP to Crystal Gibson, (crystal.gibson@heritage.org), either by e-mail or by calling 202.608.6078.

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