Economic Growth, (re)-distributive Policies, Capital Mobility and Tax Competition in Open Economies

Economic Growth, (re)-distributive Policies, Capital Mobility and Tax Competition in Open Economies PDF Author: Günther Rehme
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 76

Book Description

Capital Mobility and Tax Competition

Capital Mobility and Tax Competition PDF Author: Clemens Fuest
Publisher: Now Publishers Inc
ISBN: 1933019190
Category : Business & Economics
Languages : en
Pages : 72

Book Description
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.

Capital Mobility, Tax Competition, and Lobbying for Redistributive Capital Taxation

Capital Mobility, Tax Competition, and Lobbying for Redistributive Capital Taxation PDF Author: Oliver Lorz
Publisher:
ISBN:
Category : Capital levy
Languages : en
Pages : 44

Book Description

Tax Policy and Economic Growth

Tax Policy and Economic Growth PDF Author: American Council for Capital Formation. Center for Policy Research
Publisher:
ISBN: 9781884032035
Category : Business & Economics
Languages : en
Pages : 166

Book Description

Capital Income Taxation and Economic Growth in Open Economies

Capital Income Taxation and Economic Growth in Open Economies PDF Author: Geremia Palomba
Publisher:
ISBN:
Category : Capital gain tax
Languages : en
Pages : 34

Book Description

Capital Mobility and Tax Competition

Capital Mobility and Tax Competition PDF Author: Clemens Fuest
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 36

Book Description

Redistribution, Wealth Tax Competition and Capital Flight in Growing Economies

Redistribution, Wealth Tax Competition and Capital Flight in Growing Economies PDF Author: Günther Rehme
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 56

Book Description

Convergence in Growth Rates

Convergence in Growth Rates PDF Author: Assaf Razin
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 42

Book Description
We consider the role of capital mobility and international taxation. In explaining the observed diversity in long-term growth rates. Our major finding is that, under capital mobility, international differences in taxes will not matter for total growth differentials. Policy differences have a role to play in per capita growth differentials, however, when they lead to a divergence in the after-tax rates of return on capital across countries, as when the residence principle is adopted universally. When this is the case, how tax differences affect the growth rates of population and human capital will depend on the relative preference of the individual household towards these two engines of growth. Optimal tax policies are found to be growth-equalizing with and without policy coordination.

Fiscal Policy and Long-Term Growth

Fiscal Policy and Long-Term Growth PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498344658
Category : Business & Economics
Languages : en
Pages : 257

Book Description
This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.

Tax Policy and Inclusive Growth

Tax Policy and Inclusive Growth PDF Author: Khaled Abdel-Kader
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781513561561
Category : Business & Economics
Languages : en
Pages : 38

Book Description
This paper discusses the theory and practice of tax design to achieve an efficient and equitable outcome, i.e. in support of inclusive growth. It starts with a discussion of the key principles from tax theory to guide practical tax design. Then, it elaborates on more granular tax policy, discussing key choices in the structure of the personal income tax on labor and capital income, taxes on wealth, the corporate income tax, and consumption taxes. The paper concludes by highlighting the political economy considerations of the issues with concrete recommedtions as to how to implement tax reform.
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