Competitiveness And Long Term Tax Policy

Author : Jacob A. Frenkel
Publisher : University of Chicago Press
Page : 422 pages
File Size : 49,6 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226262543

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International Aspects of Fiscal Policies by Jacob A. Frenkel Pdf

This volume brings together nine papers from a conference on international macroeconomics sponsored by the NBER in 1985. International economists as well as graduate students in the fields of global monetary economics, finance, and macroeconomics will find this an outstanding contribution to current research. It includes two commentaries for each paper, written by experts in the field, and Frenkel's detailed introduction, which serves as a reader's guide to the arguments made, the models employed, and the issues raised by each contributor. The studies analyze national fiscal policies within the context of the international economic order. Malcolm D. Knight and Paul R. Masson use an empirical model to show that fiscal changes in recent years in the United States, West Germany, and Japan have caused major disturbances in net savings and investment flows. Linda S. Kole uses a two-country simulation model to examine the effects of a large nation's expansion on exchange rates, interest rates, and the balance of payments. In other studies, Warwick J. McKibbin and Jeffrey D. Sachs discuss the influences of different currency regimes on the international transmission of inflation; Kent P. Kimbrough analyzes the interaction between optimal tax policies and international trade; Sweder van Wijnbergen investigates the interrelation of fiscal policies, trade intervention, and world interest rates; and Willem H. Buiter uses an analytical model to look at fiscal interdependence and optimal policy design. David Backus, Michael Devereux, and Douglas Purvis develop a theoretical model to investigate effects of different fiscal policies in an open economy. Alan C. Stockman looks at the influence of policy anticipation in the private sector, while Lawrence H. Summers shows the effects of differential tax policy on international competitiveness.

Author : United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation
Publisher : Unknown
Page : 104 pages
File Size : 43,9 Mb
Release : 1992
Category : Business & Economics
ISBN : PSU:000019991733

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Competitiveness and Long-term Tax Policy by United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation Pdf

Author : Clemens Fuest,Bernd Huber,Jack Mintz
Publisher : Now Publishers Inc
Page : 72 pages
File Size : 49,9 Mb
Release : 2005
Category : Business & Economics
ISBN : 9781933019192

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Capital Mobility and Tax Competition by Clemens Fuest,Bernd Huber,Jack Mintz Pdf

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.

Author : Peter Dietsch
Publisher : Oxford University Press
Page : 256 pages
File Size : 42,5 Mb
Release : 2015-07-01
Category : Philosophy
ISBN : 9780190251529

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Catching Capital by Peter Dietsch Pdf

Rich people stash away trillions of dollars in tax havens like Switzerland, the Cayman Islands, or Singapore. Multinational corporations shift their profits to low-tax jurisdictions like Ireland or Panama to avoid paying tax. Recent stories in the media about Apple, Google, Starbucks, and Fiat are just the tip of the iceberg. There is hardly any multinational today that respects not just the letter but also the spirit of tax laws. All this becomes possible due to tax competition, with countries strategically designing fiscal policy to attract capital from abroad. The loopholes in national tax regimes that tax competition generates and exploits draw into question political economic life as we presently know it. They undermine the fiscal autonomy of political communities and contribute to rising inequalities in income and wealth. Building on a careful analysis of the ethical challenges raised by a world of tax competition, this book puts forward a normative and institutional framework to regulate the practice. In short, individuals and corporations should pay tax in the jurisdictions of which they are members, where this membership can come in degrees. Moreover, the strategic tax setting of states should be limited in important ways. An International Tax Organisation (ITO) should be created to enforce the principles of tax justice. The author defends this call for reform against two important objections. First, Dietsch refutes the suggestion that regulating tax competition is inefficient. Second, he argues that regulation of this sort, rather than representing a constraint on national sovereignty, in fact turns out to be a requirement of sovereignty in a global economy. The book closes with a series of reflections on the obligations that the beneficiaries of tax competition have towards the losers both prior to any institutional reform as well as in its aftermath.

Author : OECD
Publisher : OECD Publishing
Page : 82 pages
File Size : 51,6 Mb
Release : 1998-05-19
Category : Electronic
ISBN : 9789264162945

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Harmful Tax Competition An Emerging Global Issue by OECD Pdf

Tax competition in the form of harmful tax practices can distort trade and investment patterns, erode national tax bases and shift part of the tax burden onto less mobile tax bases. The Report emphasises that governments must intensify their cooperative actions to curb harmful tax practices.

Author : Charles Oman,Organisation for Economic Co-operation and Development. Development Centre
Publisher : OECD
Page : 148 pages
File Size : 41,6 Mb
Release : 2000
Category : Business & Economics
ISBN : STANFORD:36105021699033

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Policy Competition for Foreign Direct Investment by Charles Oman,Organisation for Economic Co-operation and Development. Development Centre Pdf

This book looks at the evidence and assesses the impact of competition among governments to attract FDI. It finds little evidence directly to support fears of a "global race to the bottom" in labour and environmental standards.

Author : Wilson Prichard
Publisher : Cambridge University Press
Page : 309 pages
File Size : 53,7 Mb
Release : 2015-09-11
Category : Business & Economics
ISBN : 9781107110861

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Taxation, Responsiveness, and Accountability in Sub-Saharan Africa by Wilson Prichard Pdf

This book captures the critical role of taxation in shaping government responsiveness and accountability in developing countries.

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 78 pages
File Size : 50,9 Mb
Release : 2016-12-10
Category : Business & Economics
ISBN : 9781498345200

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Tax Policy, Leverage and Macroeconomic Stability by International Monetary Fund. Fiscal Affairs Dept. Pdf

Risks to macroeconomic stability posed by excessive private leverage are significantly amplified by tax distortions. ‘Debt bias’ (tax provisions favoring finance by debt rather than equity) has increased leverage in both the household and corporate sectors, and is now widely recognized as a significant macroeconomic concern. This paper presents new evidence of the extent of debt bias, including estimates for banks and non-bank financial institutions both before and after the global financial crisis. It presents policy options to alleviate debt bias, and assesses their effectiveness. The paper finds that thin capitalization rules restricting interest deductibility have only partially been able to address debt bias, but that an allowance for corporate equity has generally proved effective. The paper concludes that debt bias should feature prominently in countries’ tax reform plans in the coming years.

Author : Mario Mansour,Mr.Gregoire Rota Graziosi
Publisher : International Monetary Fund
Page : 41 pages
File Size : 43,9 Mb
Release : 2013-07-09
Category : Business & Economics
ISBN : 9781484338773

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Tax Coordination, Tax Competition, and Revenue Mobilization in the West African Economic and Monetary Union by Mario Mansour,Mr.Gregoire Rota Graziosi Pdf

We review the current state of the West African Economic and Monetary Union’s tax coordination framework, against the main objectives of the WAEMU Treaty of 1994: reduce distortions to intra-community trade, and mobilize domestic tax revenue. The process of tax coordination in WAEMU is one of the most advanced in the world—de jure at least—, but remains in many areas ineffective de facto. Nevertheless, the framework has, to some extent, succeeded in converging tax systems, particularly statutory tax rates, and may have contributed to improving revenue mobilisation. Important lessons can be drawn from the WAEMU experience, particularly in terms of whether coordination should take the form of harmonization through a top-down approach, or a softer approach of sharing best practice and limiting certain types of tax competition.

Author : Andreas Ladner,Nils Soguel,Yves Emery,Sophie Weerts,Stéphane Nahrath
Publisher : Springer
Page : 397 pages
File Size : 40,9 Mb
Release : 2018-08-07
Category : Political Science
ISBN : 9783319923819

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Swiss Public Administration by Andreas Ladner,Nils Soguel,Yves Emery,Sophie Weerts,Stéphane Nahrath Pdf

Swiss citizens approve of their government and the way democracy is practiced; they trust the authorities and are satisfied with the range of services Swiss governments provide. This is quite unusual when compared to other countries. This open access book provides insight into the organization and the functioning of the Swiss state. It claims that, beyond politics, institutions and public administration, there are other factors which make a country successful. The authors argue that Switzerland is an interesting case, from a theoretical, scientific and a more practice-oriented perspective. While confronted with the same challenges as other countries, Switzerland offers different solutions, some of which work astonishingly well.

Author : OECD
Publisher : OECD Publishing
Page : 147 pages
File Size : 47,9 Mb
Release : 2009-10-12
Category : Electronic
ISBN : 9789264024748

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OECD Tax Policy Studies Taxation of SMEs Key Issues and Policy Considerations by OECD Pdf

This publication examines the taxation of SMEs in OECD countries and covers a broad range of SME taxation issues, including possible effects of taxation on the creation and growth of SMEs, and considerations arising from a relatively high compliance burden.

Author : OECD
Publisher : OECD Publishing
Page : 124 pages
File Size : 48,5 Mb
Release : 2020-09-03
Category : Electronic
ISBN : 9789264338463

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Tax Policy Reforms 2020 OECD and Selected Partner Economies by OECD Pdf

This is the fifth edition of Tax Policy Reforms: OECD and Selected Partner Economies, an annual publication that provides comparative information on tax reforms across countries and tracks tax policy developments over time. The report covers the latest tax policy reforms in all OECD countries, as well as in Argentina, China, Indonesia and South Africa.

Author : Tsilly Dagan
Publisher : Cambridge University Press
Page : 263 pages
File Size : 42,5 Mb
Release : 2017-12-14
Category : Business & Economics
ISBN : 9781107112100

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International Tax Policy by Tsilly Dagan Pdf

Explains why perfecting, rather than curbing, interstate competition would make international taxation both more efficient and more just.

Author : United States. Congress. House. Committee on Ways and Means
Publisher : Unknown
Page : 224 pages
File Size : 41,8 Mb
Release : 2001
Category : Business & Economics
ISBN : PSU:000044852818

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Impact of U.S. Tax Rules on International Competitiveness by United States. Congress. House. Committee on Ways and Means Pdf

Author : OECD
Publisher : OECD Publishing
Page : 1871 pages
File Size : 40,7 Mb
Release : 2021-07-05
Category : Electronic
ISBN : 9789264933774

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Competitiveness and Private Sector Development Competitiveness in South East Europe 2021 A Policy Outlook by OECD Pdf

The future sustainable economic development and well-being of citizens in South East Europe depend on greater economic competitiveness. Reinforcing the region’s economic potential in a post-COVID-19 context requires a holistic, inclusive and growth‐oriented approach to policy making.