Tax Competition Vs. Tax Harmonization PDF Download
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Author: Ankeet Bajaj
Publisher:
ISBN:
Category : International business enterprises
Languages : en
Pages : 15
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Book Description
Since the tax policy of a country has become an important determinant in locating foreign capital and labor, countries around the world have started to compete with each other on the basis of the taxes they levy. This development has been a worry for tax collectors. Both the Organisation for Economic Co-operation and Development(OECD) and the European Union have been quick to take steps to contain 'harmful' tax practices of member and non-member countries, which according to them could lead to the erosion of tax revenues for governments around the world in a destructive 'race to the bottom'. A strong case is being made for 'tax harmonisation' - standardisation of tax rates among nations. The case helps to discuss the developments and implications of this tug-of-war.
Author: Ankeet Bajaj
Publisher:
ISBN:
Category : International business enterprises
Languages : en
Pages : 15
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Book Description
Since the tax policy of a country has become an important determinant in locating foreign capital and labor, countries around the world have started to compete with each other on the basis of the taxes they levy. This development has been a worry for tax collectors. Both the Organisation for Economic Co-operation and Development(OECD) and the European Union have been quick to take steps to contain 'harmful' tax practices of member and non-member countries, which according to them could lead to the erosion of tax revenues for governments around the world in a destructive 'race to the bottom'. A strong case is being made for 'tax harmonisation' - standardisation of tax rates among nations. The case helps to discuss the developments and implications of this tug-of-war.
Author: Chris R. Edwards
Publisher: Cato Institute
ISBN: 1933995181
Category : Business & Economics
Languages : en
Pages : 267
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Book Description
Introduction -- Capital explosion -- Tax cut revolution -- Flat tax club -- Mobile brains and mobile wealth -- Taxing businesses in the global economy -- The economics of tax competition -- The battle for freedom and competition -- The moral case for tax competition -- Options for U.S. policy.
Author: Hans-Werner Sinn
Publisher:
ISBN:
Category : Europe
Languages : en
Pages : 32
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Book Description
Opening Europe's borders in 1993 makes the allocation of resources more vulnerable to differences in the national tax rates. The first part of the paper demonstrates that direct consumer purchases will imply distortions resulting from diverging VAT rates and it clarifies why the frequently cited exchange rate argument is of no help. The second part shows that, in the case of direct taxation, a harmonization of tax bases is more important than a harmonization of tax rates. Either the combination of true economic depreciation and residence taxation or the combination of immediate write-off and source taxation will result in an efficient international allocation of capital, independent of the national tax rates. The paper concludes with a verdict on tax competition arguing that free migration renders a policy of income redistribution, which is interpreted as insurance against the risk of lifetime careers, impossible.
Author: Asaf Razin
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
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Book Description
Author: Aprinto Berlianto
Publisher: LAP Lambert Academic Publishing
ISBN: 9783838352237
Category : Taxation
Languages : en
Pages : 100
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Book Description
This study explores taxation literature and uses empirical evidence from the period of 1996-2006 to examine tax competition and tax harmonization in Southeast Asia. The study seeks evidence for the existence of tax competition by analyzing recent trends in two groups of measures of taxation: tax rates and tax revenues. Evidence is found for a decline in statutory corporate tax rates, developments commensurate with the existence of tax competition. On the contrary, the tax revenue data presented here, show that the expected decline in total tax revenues has not occurred; indeed, a significant increase has been recorded. It is also supported by empirical evidence of the ratio of corporate tax revenue either relative to GDP or to total tax revenue. The two groups of measures of taxation thus provide apparently inconsistent views of the impact of tax competition. There follows an analysis of the elements of tax competition according to literature, in an attempt to draw out its implications for the experience within the Southeast Asian region. This study also examines the case for tax harmonisation and the Southeast Asian experience.
Author: Taryn A. Rounds
Publisher:
ISBN: 9780731513628
Category : Taxation
Languages : en
Pages : 37
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Book Description
Author: Michael Lang
Publisher: IBFD
ISBN: 908722155X
Category : Double taxation
Languages : en
Pages : 375
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Book Description
"This book is the result of a research project entitled 'Horizontal Tax Coordination within the EU and within States' that was conducted by the Institute for Austrian and International Tax Law at WU (Vienna University of Economics and Business). The aim of this project was to examine the role court judgments have played in the framework of tax harmonization in federal states and how decisive this impact was. In this respect the participants took also a closer look at ECJ case law and how it may be compared to other jurisdictions where federal fiscal structures exist, such as the United States, Switzerland, Belgium, Spain, Austria, Russia, Mexico, Brazil, India and Australia. The judgments of the various courts were contrasted with each other in order to learn more about the impact on harmonization in the field of tax law. From these findings conclusions for the purpose of EU tax policy were drawn."--Back cover.
Author: Nestor Gandelman
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We examine a two-jurisdiction tax competition environment where local governments can only imperfectly monitor where agents pay taxes and risk-averse individuals may choose to cross borders to pay lower taxes in a neighboring location. In a game between local authorities, we find that, when communities differ in size, in equilibrium the smaller community sets lower taxes and attracts agents from the larger jurisdiction. With identical communities, tax rates must be equal. Finally, we examine the incentives of jurisdictions to harmonize tax rates and find that, whenever the smaller community benefits from tax harmonization, the larger jurisdiction will benefit also.
Author: Mr.Vito Tanzi
Publisher: International Monetary Fund
ISBN: 1451943016
Category : Business & Economics
Languages : en
Pages : 25
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Book Description
With the advent of the economic and monetary union in the European Union (EU), the economic landscape of the EU will bear a striking resemblance to that of the United States in terms of fundamental attributes such as the freedom of internal movements of individuals, capital, and goods within the union, as well as the adoption of a common currency. This paper examines developments in the tax systems of the states in the United States and draws lessons for the need of coordination of EU tax systems.
Author: Mario Mansour
Publisher: International Monetary Fund
ISBN: 1484338774
Category : Business & Economics
Languages : en
Pages : 41
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Book Description
We review the current state of the West African Economic and Monetary Union’s tax coordination framework, against the main objectives of the WAEMU Treaty of 1994: reduce distortions to intra-community trade, and mobilize domestic tax revenue. The process of tax coordination in WAEMU is one of the most advanced in the world—de jure at least—, but remains in many areas ineffective de facto. Nevertheless, the framework has, to some extent, succeeded in converging tax systems, particularly statutory tax rates, and may have contributed to improving revenue mobilisation. Important lessons can be drawn from the WAEMU experience, particularly in terms of whether coordination should take the form of harmonization through a top-down approach, or a softer approach of sharing best practice and limiting certain types of tax competition.
