Capital Flight And Tax Competition
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Capital Flight And Tax Competition
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Author : Alberto Giovannini
language : en
Publisher:
Release Date : 1990
Capital Flight And Tax Competition written by Alberto Giovannini and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Capital levy categories.
This paper discusses a model corporate tax system based on the application of the residence principle. This tax system, while preserving national sovereignties, minimizes the distortions from international capital mobility. The paper is motivated by an analysis of European capital income tax systems, and of the distortions they might give rise to as obstacles to international capital flows diminish. The alternative system we analyze has two main properties: it exploits the territoriality of law enforcement, and allows countries to set the corporate tax rate - and the extent of double taxation of corporate income - independently from their partners. The paper concludes with some suggestive evidence of the potential revenue effects among European countries of this tax system.
Redistribution Wealth Tax Competition And Capital Flight In Growing Economies
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Author : Günther Rehme
language : en
Publisher:
Release Date : 1995
Redistribution Wealth Tax Competition And Capital Flight In Growing Economies written by Günther Rehme and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Capital movements categories.
Redistribution Income Cum Investment Subsidy Tax Competition And Capital Flight In Growing Economies
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Author : Günther Rehme
language : en
Publisher:
Release Date : 1995
Redistribution Income Cum Investment Subsidy Tax Competition And Capital Flight In Growing Economies written by Günther Rehme and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Capital movements categories.
Tax Harmonization And Tax Competition In Europe
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Author : Hans-Werner Sinn
language : en
Publisher:
Release Date : 1990
Tax Harmonization And Tax Competition In Europe written by Hans-Werner Sinn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Europe categories.
Opening Europe's borders in 1993 makes the allocation of resources more vulnerable to differences in the national tax rates. The first part of the paper demonstrates that direct consumer purchases will imply distortions resulting from diverging VAT rates and it clarifies why the frequently cited exchange rate argument is of no help. The second part shows that, in the case of direct taxation, a harmonization of tax bases is more important than a harmonization of tax rates. Either the combination of true economic depreciation and residence taxation or the combination of immediate write-off and source taxation will result in an efficient international allocation of capital, independent of the national tax rates. The paper concludes with a verdict on tax competition arguing that free migration renders a policy of income redistribution, which is interpreted as insurance against the risk of lifetime careers, impossible.
Capital Mobility And Tax Competition
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Author : Clemens Fuest
language : en
Publisher:
Release Date : 2003
Capital Mobility And Tax Competition written by Clemens Fuest and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Taxation categories.
Reforming Capital Income Taxation
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Author : Horst Siebert
language : en
Publisher: Routledge
Release Date : 2019-07-11
Reforming Capital Income Taxation written by Horst Siebert and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-11 with Political Science categories.
This book surveys the theoretical issues that characterize the problem of reforming capital income taxes in an open economy. It explores the tax incentives and disincentives to investment in an open economy framework allowing cross-border portfolio and direct investment.
Catching Capital
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Author : Peter Dietsch
language : en
Publisher: Oxford University Press
Release Date : 2015-07-01
Catching Capital written by Peter Dietsch and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-07-01 with Philosophy categories.
Rich people stash away trillions of dollars in tax havens like Switzerland, the Cayman Islands, or Singapore. Multinational corporations shift their profits to low-tax jurisdictions like Ireland or Panama to avoid paying tax. Recent stories in the media about Apple, Google, Starbucks, and Fiat are just the tip of the iceberg. There is hardly any multinational today that respects not just the letter but also the spirit of tax laws. All this becomes possible due to tax competition, with countries strategically designing fiscal policy to attract capital from abroad. The loopholes in national tax regimes that tax competition generates and exploits draw into question political economic life as we presently know it. They undermine the fiscal autonomy of political communities and contribute to rising inequalities in income and wealth. Building on a careful analysis of the ethical challenges raised by a world of tax competition, this book puts forward a normative and institutional framework to regulate the practice. In short, individuals and corporations should pay tax in the jurisdictions of which they are members, where this membership can come in degrees. Moreover, the strategic tax setting of states should be limited in important ways. An International Tax Organisation (ITO) should be created to enforce the principles of tax justice. The author defends this call for reform against two important objections. First, Dietsch refutes the suggestion that regulating tax competition is inefficient. Second, he argues that regulation of this sort, rather than representing a constraint on national sovereignty, in fact turns out to be a requirement of sovereignty in a global economy. The book closes with a series of reflections on the obligations that the beneficiaries of tax competition have towards the losers both prior to any institutional reform as well as in its aftermath.
Capital Mobility And Tax Competition
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Author : Clemens Fuest
language : en
Publisher: Now Publishers Inc
Release Date : 2005
Capital Mobility And Tax Competition written by Clemens Fuest and has been published by Now Publishers Inc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
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.
Considerations For The Development Of Tax Policy When Capital Is Internationally Mobile
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Author : Robert F. Conrad
language : en
Publisher: World Bank Publications
Release Date : 1989
Considerations For The Development Of Tax Policy When Capital Is Internationally Mobile written by Robert F. Conrad and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Capital investments categories.
For tax policy to encourage maximum investment of capital (both foreign and domestic) it is necessary to take into account the potential mobility of capital across international borders. Economic analysis of investment incentives should therefore incorporate the effects of variables such as source rules, nexus rules, attribution rules, foreign tax credits, and so on, in addition to traditional variables such as legal tax rates and the revenue implications of the distribution of the tax base.
International Taxation In An Integrated World
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Author : Jacob A. Frenkel
language : en
Publisher: MIT Press
Release Date : 1991
International Taxation In An Integrated World written by Jacob A. Frenkel and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
In this book the authors provide a new treatment of international taxation, one that focuses on the interactions between fiscal policies of sovereign nations and the magnitude and directions of international capital and goods flow in an integrated world economy.