G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w2927
来源IDWorking Paper 2927
International Spillovers of Taxation
Jacob A. Frenkel; Assaf Razin; Steve Symansky
发表日期1989-04-01
出版年1989
语种英语
摘要This paper deals with the international effects of taxation. Tax policies have profound effects on the temporal composition and on the intertemporal evolution of the macro economy. The analysis highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence and includes a detailed specification of public and private sector behavior focusing on the roles played by taxes on income, consumption, and international borrowing. We present stylized facts on the average consumption and income tax rates for the seven major industrial countries. They reveal large international diversity of tax rates and tax structures. The analytical framework is used to analyze the consequences of revenue-neutral conversions between income and consumption (VAT) tax systems. We demonstrate analytically that the effects of such changes in the structure of taxes depend critically on international differences in saving and investment propensities which in turn govern the time profile of the current account of the balance of payments. The key results are also illustrated by means of dynamic simulations. We then examine the international effects of budget deficits and public-debt management and demonstrate analytically as well as by means of dynamic simulations that these effects depend critically on whether the government manages its deficit through alterations in income or consumption (VAT) taxes. Finally, motivated by proposals for tax harmonization associated with the single market in Europe of 1992, we consider the effects of international tax harmonization. The main results, demonstrate that, in analogy with the effects of tax conversions, the effect of harmonization depends critically on the inter-country differences in saving and investment propensities. These differences are shown to yield conflicts of interests in the tax harmonization program.
主题International Economics
URLhttps://www.nber.org/papers/w2927
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/560197
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GB/T 7714
Jacob A. Frenkel,Assaf Razin,Steve Symansky. International Spillovers of Taxation. 1989.
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