Paradise Lost: the Cost of Removing Tax and Trade Provisions from the Compact of Free Association

Brazys, Samuel Rueckert (2013-09-24). "Paradise Lost: the Cost of Removing Tax and Trade Provisions from the Compact of Free Association". Asia & the Pacific Policy Studies. 1 (1): 204–215. doi:10.1002/app5.2. ISSN 2050-2680.

• Has attachment: File:UNLYNRTP.pdf

Abstract: Abstract Upon implementing the C ompact of F ree A ssociation between the U nited S tates and the F ederated S tates of M icronesia, the US C ongress unilaterally stripped tax and trade provisions that would have encouraged investment in the F ederated S tates of M icronesia. I quantify what was lost to the F ederated S tates of M icronesia by arguing that the provisions would have made the F ederated S tates of M icronesia an explicitly sanctioned tax haven through empirical estimates of the impact of tax havens on growth and a comparison of performance of similarly situated entities, the A merican S amoa and C ommonwealth of the N orthern M ariana I slands, which did have preferential access to the US market. The estimates suggest that the F ederated S tates of M icronesia lost from $700 million to over $1 billion in gross domestic product from 1986 to 2001.

Extra details:

MAG: 1504218745
OpenAlex: W1504218745
CorpusID: 152581457