全球智库信息集成服务系统(G2TT): The Optimal Taxation of Foreign Source Investment Income

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w0193
来源ID	Working Paper 0193
	The Optimal Taxation of Foreign Source Investment Income
	Martin Feldstein; David G. Hartman
发表日期	1980-11-01
出版年	1980
语种	英语
摘要	Our paper begins with the relatively simple problem of optimal taxation as viewed by the capital-exporting ("home") country when it can assume that its actions do not alter the tax rate in the host country. Section I also shows that when foreign investment accounts for a significant fraction of production in the host country, the capital-exporting country should tax foreign source investment income more heavily than is implied by the "full taxation after deduction" rule. The important question of tax rate interdependence is developed in Section II. In the third section we replace the assumption that all foreign investment is financed by a transfer of equity capital from the home country with the more realistic description that subsidiary firms borrow in the host country. Although this raises the profitability to the home country of investment by its foreign subsidiaries, we show that this need not alter the conclusions of the previous sections. We regard the present paper as only a first step in a proper analysis of the complex issue of optimal taxation of foreign source investment income. . The static analysis of the present paper should be extended to consider investment paths in growing economics. Finally, the purely nationalistic optimality criterion could be generalized to give some weight to the real income of the rest of the world.
URL	https://www.nber.org/papers/w0193
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/557767
推荐引用方式 GB/T 7714	Martin Feldstein,David G. Hartman. The Optimal Taxation of Foreign Source Investment Income. 1980.

条目包含的文件
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w0193.pdf（165KB）	智库出版物		限制开放	CC BY-NC-SA	浏览