| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3109 |
| DP3109 Taking the Bite Out of Fiscal Competition | |
| Jacques-François Thisse; Moshe Justman; Tanguy van Ypersele | |
| 发表日期 | 2001-12-12 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This Paper analyses the tax competition and tax exporting effect of financial integration. On the one hand, financial integration increases capital mobility and thus the incentive for countries to compete for capital. On the other hand, financial integration increases foreign ownership of firms and capital and allows for exportation of source taxes. Both effects have contrary implications for capital taxes. Allowing for imperfectly mobile capital, our analysis suggests that currently the tax exportation effect is dominating, which implies excessive capital taxation. From studying the benchmark of full financial integration we find that capital taxes are likely to increase from current levels. We further examine the tax exportation effect empirically and find that is significant as well as quantitatively important for the US. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Tax competition Capital mobility Cross-ownership |
| URL | https://cepr.org/publications/dp3109 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532136 |
| 推荐引用方式 GB/T 7714 | Jacques-François Thisse,Moshe Justman,Tanguy van Ypersele. DP3109 Taking the Bite Out of Fiscal Competition. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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