The practice of offering economic development incentives in the US is receiving increasing attention from national policy organizations as well as the popular press. The attention is due to the intense competition between state and local governments, which is driving up the number and value of...

Tax competition and spillover models offer ambiguous predictions of tax haven impacts on non-tax havens. The implications of tax havens for less developed countries (LDCs), in particular, are not well understood and are little studied. This paper investigates the impact of tax havens on foreign...