Internationally mobile firms and tax policy

• 成果类型: Article
• 署名作者: Osmundsen, P; Hagen, KP; Schjelderup, G
• 署名单位: Norwegian School of Economics (NHH)
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(97)00028-7
• 发表日期: 1998
• 页码: 97-113
• 关键词: Corporate taxation; international mobility; private information

摘要

This paper analyses how the government should tax internationally mobile firms. The analysis finds that if tax authorities are unable to observe firms' true mobility, and domestic and foreign profitability are uncorrelated, then: (1) information rents are acquired by immobile (inefficient) firms, and (2) the optimal policy will stimulate investment in the immobile sector compared to the complete information case. Another result of the paper is that the optimal allocation is implementable within the framework of a corporate income tax system, where mobile firms self-select more unfavourable capital allowances than immobile firms. (C) 1998 Elsevier Science B.V.