haku: @indexterm CAPITAL INCOME TAX / yhteensä: 20
viite: 15 / 20
| Tekijä: | Gordon, R. Bovenberg, A. |
| Otsikko: | Why is capital so immobile internationally? Possible explanations and implications for capital income taxation |
| Lehti: | American Economic Review
1996 : DEC, VOL. 86:5, p. 1057-1075 |
| Asiasana: | ECONOMICS CAPITAL INCOME TAX INTERNATIONAL |
| Kieli: | eng |
| Tiivistelmä: | The evidence on international capital immobility is extensive, including the lack of international portfolio diversification, real interest differentials across countries, and the high correlation between domestic savings and investment. The authors develop a model with asymmetric information between countries that helps rationalize all the above observations and then examine the implications of this model for optimal domestic tax policy. Without asymmetric information, past work showed that small open economies should not impose corporate income taxes. |
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