haku: @indexterm open economy / yhteensä: 204
viite: 148 / 204
| Tekijä: | Frenkel, J. A. Razin, A. |
| Otsikko: | International effects of tax reforms |
| Lehti: | Economic Journal
1989 : VOL. 99:395, p. 38-58 |
| Asiasana: | TAXATION INTERNATIONAL BUSINESS TAX ASSESSMENT MACROECONOMICS OPEN ECONOMY |
| Kieli: | eng |
| Tiivistelmä: | The significance of open-economy considerations in the analysis of tax reforms is highlighted. The domestic and international consequences of tax reforms associated with shifts between income- and consumption-tax systems are analyzed. Since such tax reforms involve only two of the four tax systems (income tax, consumption tax, international borrowing tax, and external interest-earning tax) connected through the equivalence relationship, their effects on the economic system are not neutral. The key factors, mechanisms and channels through which tax reforms exert their effect are identified. It is shown that the direction of changes in macroeconomic variables depends on the economy's current-account position and the switch from one tax system to other. |
SCIMA