haku: @indexterm TAX HARMONIZATION / yhteensä: 57
viite: 27 / 57
| Tekijä: | Ghosh, A. R. |
| Otsikko: | Strategic aspects of public finance in a world with high capital mobility |
| Lehti: | Journal of International Economics
1991 : MAY, VOL. 30:3-4, p. 229-247 |
| Asiasana: | PUBLIC FINANCE GOVERNMENT TAXATION TAX HARMONIZATION PUBLIC GOOD EQUITY CAPITAL MOBILITY |
| Kieli: | eng |
| Tiivistelmä: | In a world with high capital mobility an increase in equity taxes is likely to induce a capital out-flow. It is commonly believed that, in consequence, there may be an under-provision of public goods when governments have only equity taxes at their disposal. The provision and non-cooperative tax policies is investigated. Surprisingly, the non-cooperative regime may result either an over- or an under-provision of public goods. It is also shown that the gains from coordination increase as countries become atomistic. Continuously balanced budgets are taken into account. The analysis could be extended to allow governments to choose between bond or tax financing. |
SCIMA