Norfolk Island and its tax haven.: An article from: The Australian Journal of Politics and History

This digital document is an article from The Australian Journal of Politics and History, published by University of Queensland Press on June 1, 2002. The length of the article is 7206 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: The first Pacific Islands offshore financial centre was born in 1966 on Norfolk Island. This paper analyses the historical trajectory of Norfolk Island's tax haven in terms of its dialectical tensions with the Australian federal government--tensions between self-determination and subordination which emerge from Norfolk's anomalous status as a self-governing external territory of Australia. Promoters of Norfolk Island's tax haven have seen its potential to become a major global offshore financial centre blocked by the Australian federal government. Yet, at major critical junctures (in 1976, 1991 and 2000) the Australian federal campaigns that threatened Norfolk's residential tax haven disintegrated in the face of concerted local opposition, although the danger has never entirely disappeared. The island's political economy and external relations are likely to remain inextricably bound to its tax haven.

Citation Details
Title: Norfolk Island and its tax haven.
Author: Anthony van Fossen
Publication:The Australian Journal of Politics and History (Refereed)
Date: June 1, 2002
Publisher: University of Queensland Press
Volume: 48 Issue: 2 Page: 210(16)

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