Markets in Vice, Markets in Virtue / Edition 1

by John Braithwaite

Overview

This sweeping, comparative study of taxation in the United States and Australia shows that even as governments in the Western world have become increasingly sophisticated tax collectors, a competitive and ruthless market in advice on tax avoidance has developed. The same competitive forces in the late twentieth century which have driven down prices and sparked efficiencies in the production of fast food or computer parts have helped stimulate the markets for "bads" like tax shelters and problem gambling. Braithwaite draws the surprising conclusion that effective regulation could actually flip markets in vice to markets of virtue. Essential reading for anyone involved in policy, governance, and regulation, Markets in Vice, Markets in Virtue provides a blueprint for restoring the equity of Western tax systems and a breakthrough theory of how regulators can support markets in virtue and curtail markets in vice.

Product Details

ISBN-13:	9780195222012
Publisher:	Oxford University Press
Publication date:	08/18/2005
Edition description:	New Edition
Pages:	252
Product dimensions:	9.40(w) x 6.00(h) x 0.60(d)

About the Author

John Braithwaite is Professor in the Regulatory Institutions Network at the Australian National University. He has won a number of international awards for his research on both restorative justice and responsive regulation, most recently, he was awarded the 2004 Edwin H Sutherland Award by the American Society of Criminology and the 2004 Kalven Prize of the Law and Society Association.

Table of Contents

Preface
Part I: Competition Policy, Efficient Vice and Tax System Integrity
1. Competition Policy and Efficient Vice
2. Tax Systems in Crisis
Part II: Aggressive Tax Planning in Sydney and Melbourne
3. The Australian Advice Market
4. Enforcement Challenges
5. Australian Innovation in Regulating Aggressive Tax Planning
Part III: Aggressive Tax Planning in New York
6. The New York Advice Market
7. International Arbitrage
8. IRS Enforcement Initiatives
Part IV: Controlling Aggressive Tax Planning
9. Comparing the Drivers of Aggressive Tax Planning in Australia and the US
10. Reforming the Law
11. Meta Risk Management of Natural Systems
12. Intelligent Tax Office Culture
13. Reforming Enforcement Strategy
Part V: Vice to Virtue
14. Flipping Markets in Vice to Markets in Virtue
References
Index

Editorial Reviews

"This is a lively book, full of insights and provocative ideas about regulation...It works at many levels: as empirical study of tax avoidance and regulation, as illustration of sophisticated application of social science theory, and as a vehicle for new theoretical ideas about regulation."—Bill Martin, Flinders University, Adelaide, for Contemporary Sociology

"This book should be required reading for tax officials and would educate them on how to flip markets of aggressive tax planning to markets of tax compliance. The book also offers lessons on how to proactively prevent the next cycle of aggressive tax planning."—The Journal of the American Taxation Association

From the Publisher