from International Financial Law Prof Blog
Critics argue that such competition leads inevitably to a “race to the bottom,” with the result of
reducing tax rates and revenue everywhere. But Dr. Andrew Morriss, Texas A&M Law explains, that anyone who has ever filled out a tax return knows, tax rates are just one facet of tax competition. Jurisdictions can compete over a wide range of tax system attributes – all the way from the complexity of the system to special provisions designed to advantage particular forms of investment to general depreciation rules.
Read this article at Competing For Captives: What Regulatory Competition Can Teach About Tax Competition by authors Dr. Andrew P. Morriss, Dean & Anthony G. Buzbee Dean’s Endowed Chairholder, Texas A&M University School of Law; and Drew Estes, a JD/MBA Candidate, Class of 2016, University of Alabama.
William Byrnes' Tax, Wealth, and Risk Intelligence 