Tax competition and coordination is one of the most pressing issues for tax authorities in modern economies, but it is a highly controversial subject. Some argue that tax competition is beneficial by forcing governments to impose efficient tax prices on residents for the provision of public services. Further, some argue that tax competition is also beneficial by limiting the power of governments to levy taxes. Others take a different view - in a world without coordinated tax policies, governments choose sub-optimal levels of public services financed by inefficient taxes that are either too high or too low by ignoring spillovers imposed on other jurisdictions. Capital Mobility and Tax Competition draws out the most important issues of uncoordinated tax policy at the international level for cross-border transactions. The discussion focuses on mobile tax bases, specifically in relation to investment and financial transactions. The main issue for consideration in this survey is whether taxation of income, specifically capital income will survive, how border crossing investment is taxed relative to domestic investment, and whether welfare gains can be achieved through international tax coordination. This survey derives some of the key results on the taxation of international investment in variants of one model of multinational investment. Finally, the authors emphasize the problem of tax competition and financial arbitrage, an issue which is somewhat neglected in the existing survey literature.
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Tax competition and co-ordination is one of the most pressing issues for tax authorities in modern economies. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
foreign tax credit system, foreign firm ownership, tax coordination, repatriation tax, optimal tax policy, capital importing country, tax exportation, capital exporting country, capital income taxation, tax competition, fiscal externalities, exemption system, fiscal externality, financial arbitrage, foreign profits, double taxation agreements Key Phrases - Capitalized Phrases (CAPs): (learn more)
The Financial Structure of Firms, May Capital Taxes, Too High Under Tax Competition, Double Taxation Convention New!
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Front Cover | Table of Contents | First Pages | Surprise Me!
Tax competition and co-ordination is one of the most pressing issues for tax authorities in modern economies. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
foreign tax credit system, foreign firm ownership, tax coordination, repatriation tax, optimal tax policy, capital importing country, tax exportation, capital exporting country, capital income taxation, tax competition, fiscal externalities, exemption system, fiscal externality, financial arbitrage, foreign profits, double taxation agreements Key Phrases - Capitalized Phrases (CAPs): (learn more)
The Financial Structure of Firms, May Capital Taxes, Too High Under Tax Competition, Double Taxation Convention New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Surprise Me!
Citations (learn more)
This book cites 9
books:
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- Studies in International Taxation (National Bureau of Economic Research Project Report) by Alberto Giovannini in Back Matter
- Health Economics by Peter Zweifel in Back Matter
- Public Finance by Boadway in Back Matter
- Handbook of Public Economics, Volume 3 (Handbooks in Economics, Volume 4) by Martin Feldstein in Back Matter
- Tax Policy and the Economy, Vol. 4 by Lawrence H. Summers in Back Matter
See all 9 books this book cites
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