Zagler, Martin (2005) Distributional consequences of capital tax coordination. Discussion Papers SFB International Tax Coordination, 6. SFB International Tax Coordination, WU Vienna University of Economics and Business, Vienna.
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Abstract
This paper has two ambitions. First, we review the economic literature on tax coordination. Second, we argue that the taxation of capital is not an issue of efficiency, but instead an issue of equity. In particular, capital tax coordination can alter the vertical distribution of income between the production factors capital and labour. Capital is in perfectly elastic supply in a small open economy. Therefore the tax incidence falls to the immobile factor, labour. By contrast, capital is in inelastic supply at the international level, and therefore the capital tax incidence falls completely on capital, without welfare losses of taxation. (author's abstract)
| Item Type: | Paper |
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| Keywords: | Kapitalertragsteuer |
| Classification Codes: | RVK QL 611 |
| Divisions: | Departments > Finance, Accounting and Statistics > Inst. Revision,Treuhand & Rechnungswesen > Betriebswirtschaftliche Steuerlehre Departments > Volkswirtschaft Departments > Öffentliches Recht und Steuerrecht > Österr. und Internat. Steuerrecht |
| Depositing User: | Repository Administrator |
| Date Deposited: | 23 Sep 2005 11:38 |
| Last Modified: | 11 Oct 2011 10:42 |
| WU Online Catalog: | http://onlinekatalog.wu.ac.at/F?func=find-b&reques... |
| URI: | http://epub.wu.ac.at/id/eprint/906 |
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