KEYWORDS
Double taxation; tax competition; rational institutional design; historical
institutionalism; OECD; tax havens.
This is the story of the global tax regime, which carries the seeds of its own
undermining, but nonetheless persists to this day. When it was created in
the 1920s and 1930s the sole purpose of the international tax regime was
to mitigate international double taxation so that governments could benefit
from international economic liberalization. From the 1960s onwards,