Gross, Till
Dynamic capital tax competition under the source principle / by Till Gross, Paul Klein and Miltiadis Makris
Resumen.
Bibliografía.
We explore the short- and long-run implications of tax competition between jurisdictions, where governments can only tax capital at source. We do this in the context of a neoclassical growth model under commitment and capital mobility. We provide a new theoretical perspective on the dynamic capital tax externalities that emerge in this model. Numerically, we show that the net capital tax externality is positive in the short run but converges to zero in the long run. We also find that noncooperative source-based capital taxes are initially positive and slowly decline toward zero.
CAPITAL
RENDIMIENTOS DE CAPITAL
IMPUESTOS
COMPETENCIA FISCAL NOCIVA
MOVIMIENTO DE CAPITALES
EROSIÓN DE LA BASE IMPONIBLE Y TRASLADO DE BENEFICIOS
MODELOS ECONOMETRICOS
Klein, Paul
Makris, Miltiadis
American Economic Journal : Macroeconomics 1945-7707 v. 14, n. 3, July 2022, p. 365-410
Dynamic capital tax competition under the source principle / by Till Gross, Paul Klein and Miltiadis Makris
Resumen.
Bibliografía.
We explore the short- and long-run implications of tax competition between jurisdictions, where governments can only tax capital at source. We do this in the context of a neoclassical growth model under commitment and capital mobility. We provide a new theoretical perspective on the dynamic capital tax externalities that emerge in this model. Numerically, we show that the net capital tax externality is positive in the short run but converges to zero in the long run. We also find that noncooperative source-based capital taxes are initially positive and slowly decline toward zero.
CAPITAL
RENDIMIENTOS DE CAPITAL
IMPUESTOS
COMPETENCIA FISCAL NOCIVA
MOVIMIENTO DE CAPITALES
EROSIÓN DE LA BASE IMPONIBLE Y TRASLADO DE BENEFICIOS
MODELOS ECONOMETRICOS
Klein, Paul
Makris, Miltiadis
American Economic Journal : Macroeconomics 1945-7707 v. 14, n. 3, July 2022, p. 365-410