Capital tax competition: bane or boon

• 成果类型: Article; Proceedings Paper
• 署名作者: Wilson, JD; Wildasin, DE
• 署名单位: Michigan State University; University of Kentucky
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(03)00057-4
• 发表日期: 2004
• 页码: 1065-1091
• 关键词: Tax competition; tax structure; public expenditure; redistribution

摘要

This paper reviews potential advantages and disadvantages of capital tax competition. Tax competition may introduce, mitigate, or exacerbate inefficiencies in both the private sector and the public sector. In different models, tax competition may either limit or increase public expenditures and taxes on mobile factors, with differing welfare consequences. We also discuss the implications of tax competition for redistributive policies and for policies dealing with risk, and we identify some of the possible empirical implications of tax competition. (C) 2003 Elsevier B.V. All rights reserved.