World Bank Publishes Policy Paper on Low Tax Jurisdictions and Preferential Regimes: Policy Gaps in Developing Economies

The World Bank has published a policy paper dated 12 March 2019 on Low Tax Jurisdictions and Preferential Regimes: Policy Gaps in Developing Economies. The paper reviews recent international initiatives and domestic policy developments aimed at helping countries to protect their tax base against erosion by individuals and companies that allocate assets to or route income via low tax jurisdictions. The paper highlights the benefits and limitations of existing policy instruments from the persp…