Taxation in a Global Economy: Theory and Evidence by Andreas Haufler

By Andreas Haufler

The expanding foreign mobility of capital, corporations and shoppers impacts tax guidelines in such a lot OECD nations, taking part in a huge function in reforming nationwide tax platforms. Haufler makes use of commonplace microeconomic research to think about the basic forces underlying this strategy. subject matters contain numerous assorted overseas tax avoidance strategies--capital flight, revenue moving in multinational corporations, and cross-border procuring. Haufler addresses the problem of coordination in several parts of tax coverage, with emphasis on neighborhood tax harmonization within the ecu. additionally integrated is a close advent to fresh theoretical literature.

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This is made very explicit by Kanbur and Keen: The analysis can thus be viewed either as providing a public choice perspective on strategic aspects of tax setting in an international context or ± our preferred interpretation ± as a conventional welfarist treatment of such issues for the case in which consumers place a very high marginal valuation on some public good which tax revenue goes to ®nance. (Kanbur and Keen, 1993, p. 878) Essentially, the assumption of revenue maximisation in these models serves as a simplifying analytical device.

G. Lopez, Marchand and Pestieau, 1998). The novel aspect arising from the heterogeneity of individuals is that increased economic integration now has two effects: it raises the ef®ciency costs of taxation, but at the same time affects the political equilibrium through the induced changes in the distribution of factor incomes. The distributional repercussions arising in a model where the government maximises a political support function will be the subject of our analysis in chapter 6. g. Kanbur and Keen, 1993; Janeba and Peters, 1999).

G. public infrastructure). Firm mobility then introduces the international arbitrage condition that net pro®ts ± rather than net returns to capital ± must be equal across jurisdictions. This difference has important implications for tax competition when cash-¯ow pro®t taxes or origin-based consumption taxes are considered. While these taxes do not affect the return to capital, they do affect net pro®ts and thus cause ®rms to move to neighbouring jurisdictions (Richter, 1994; Richter and Wellisch, 1996; Wellisch, 2000).

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