Decentralization of the Tax Legislation Process in New Caledonia – Originality, Impact and Limitations

This article looks at the unique constitutional status and extensive tax legislative powers of New Caledonia. It analyses the specific constitutional and institutional status of New Caledonia to show the effect of the decentralization process on the capacity of New Caledonian authorities to implement economic development reforms through tax legislation, such as the introduction of tax incentives for foreign direct investment.