haku: @indexterm TAX POLICY / yhteensä: 92
viite: 8 / 92
| Tekijä: | Chisik, R. Davies, R.B. |
| Otsikko: | Gradualism in tax treaties with irreversible foreign direct investment |
| Lehti: | International Economic Review
2004 : FEB, VOL. 45:1, p. 113-139 |
| Asiasana: | Foreign investment Taxation Tax policy |
| Kieli: | eng |
| Tiivistelmä: | Bilateral tax treaties govern host country taxation for most of the world's foreign direct investment (FDI). Two-way capital flows with irreversible FDI is considered in this article to explain why the tax rates used under these treaties are gradually falling. The extent of irreversibility determines the magnitude of initial tax reductions. When Pareto-optimal taxes are not initially self-enforcing, more modest tax reductions generate an increase in irreversible bilateral FDI so that further tax reductions become self-enforcing.240 |
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