haku: @author Wildasin, D. E. / yhteensä: 5
viite: 2 / 5
| Tekijä: | Wildasin, D. E. Wilson, J. D. |
| Otsikko: | Risky local tax bases: Risk-pooling vs. rent capture |
| Lehti: | Journal of Public Economics
1998 : AUG, VOL. 69:2, p. 229-247 |
| Asiasana: | Capital Land Property Taxation Risk |
| Kieli: | eng |
| Tiivistelmä: | When a jurisdiction's land or other fixed resources are owned by non-residents, its residents have an incentive to capture the non-residents' rents by imposing confiscatory taxes. When different jurisdictions are subject to less than perfectly correlated risks, such taxes destroy the benefits of risk-pooling that cross-ownership of property otherwise permits. If jurisdictions must use property taxes instead of taxes on land alone, they will compete for mobile capital by keeping tax rates low. If capital is sufficiently substitutable for immobile factors, tax rates will be low enough to achieve greater effective diversification of risks and higher welfare. |
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