search query: @indexterm capital taxation / total: 30
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| Author: | Eggert, W. Kolmar, M. |
| Title: | The taxation of financial capital under asymmetric information and the tax-competition paradox |
| Journal: | Scandinavian Journal of Economics
2004 : VOL. 106:1, p. 83-105 |
| Index terms: | Asymmetric information Capital taxation Information |
| Language: | eng |
| Abstract: | This article examines information sharing between governments in an optimal-taxation framework. A taxonomy of alternative systems of international capital-income taxation is introduced and the choice of tax rates and information exchange is characterized. The model reproduces the conclusion found in earlier literature that integration of international capital markets may lead to the under-provision of publicly provided goods. However, in contrast to previous results in the literature, under-provision occurs due to inefficiently coordinated expectations. |
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