Taxnews.com reports that the Centre for Freedom and Prosperity Foundation has published research showing that tax competition between nations benefits the global economy, leading to better economic performance. The research paper, entitled "Tax Havens, Tax Competition and Economic Performance," finds that low-tax jurisdictions promote global economic growth. Written by Dr. Yesim Yilmaz, a research fellow with CF&P Foundation, the study presents evidence that so-called tax havens provide a tax-efficient platform for cross-border investment, help boost capital formation, and also encourage pro-growth tax policies in non-tax haven countries – all of which boost economic performance. The paper also points out that the United States is the world's largest beneficiary of tax havens and tax competition, both because the US is a tax haven for foreigners and because tax havens facilitate the flow of capital to the American economy.