In the Foreword, Bruce Zagaris, Esq, a partner at Washington, D.C, Berliner, Corcoran & Rowe, LLP, author of six books and a well-known and highly regarded expert in the area writes: ‘Media reports daily document the controversies about international business and tax policies resulting from double tax treaties. Ms. Hendy Yarde has done a masterful job of showing how a small jurisdiction, and particularly Barbados, has developed tax diplomacy as a means to attract foreign investment, and to export goods and financial services.
The book is a highly readable account of Barbados’ economic policy as well as how Barbados has developed its model income tax treaty in its tax diplomacy, and the influence of both the OECD and U.N Model income tax treaties. The book also provides a discussion of the policies of Barbados with respect to the various components of its income tax treaties.
The book draws on the increasingly proactive initiatives by international organizations, such as the OECD, and informal groups, such as the G20, in tax diplomacy, including their responses to the financial crisis. Tax, financial service, and international business professionals as well as diplomats and students of international relations, economics, and international tax will find the book an important work in understanding efforts of small states to develop their economies and relations with the rest of the world.’
About the Author
In her signature style, International Treaties Negotiator and Attorney-at-law, Françoise Hendy Yarde, draws on her twelve years' experience as Head of the Barbados Tax and Investment Treaty Negotiating Team, to demonstrate the role of tax treaties in modern, free market economies. Now representing Barbados on the Steering Committee of the OECD Global Forum on Transparency and Exchange of Information, as one of its Vice-Chairs, this former University lecturer in International Economic Law, and New York-based Foreign Legal Consultant, continues to be at the forefront of the global dialogue on tax diplomacy, especially as it relates to International Business and Financial Services Centres.
Françoise examines the form and function of tax diplomacy; making this largely obscure area of foreign relations finally accessible to all.