Simple rules for the optimal taxation of international capital income

Article Abstract:

Two central results on the collectively optimal taxation of international investment income, namely the rule of Horst and the production efficiency theorem of Diamond-Mirrlees, are analysed using a standard two-country model of international investment. The analysis is designed to clarify the relationship between the two central results. One important determinant of the optimal international tax regime is the inability to tax rents which is disregarded both in the Horst formulation and the the Diamond-Mirrlees theorem.

Capital Gains Taxes, Interpretation and construction, Tax law, International aspects, Capital gains tax

---

Redistribution and small coalitions of friends

Article Abstract:

The structure and efficiency properties of tax schemes during an imperfect side trading, or when trading can occur within bilateral coalitions, are investigated. Given a simple framework of a two-class economy, coalitions are identified and expected to produce and provide characterisation for the Pareto-efficient tax scheme. The tax formula for the optimal marginal tax rate is very simple and is somewhat similar with the tax rule in the case where side trading is absent.

Personal Income Taxes, Models

---

Lower tax progression, longer hours and higher wages

Article Abstract:

Tax reforms exert an indeterminate effect on aggregate employment and aggregate production. An equilibrium search framework reveals that progressivity-lessening tax reforms increase hourly real wages and working hours of the employed. On the other hand, such reforms lessen the number of persons having a job. Aggregate welfare improves only if the welfare loss from larger unemployment is smaller than the welfare gain of higher working hours.

Economics, Research and Development in the Social Sciences and Humanities, Personal Income Tax Rates, Research, Tax reform, Labor supply, Labor force, Progressive taxation

Similar abstracts:

• Abstracts: The value of waiting: Russia's integration into the international capital markets. Foreign direct investment in Central and Eastern European countries: a dynamic panel analysis
• Abstracts: Stock index futures: implications for international capital taxation. Optimal currency hedge ratios and interest rate risk
• Abstracts: Neoclassical norms and the valuation of national product in the Soviet Union: comment. The demise of Soviet industry: a regional perspective
• Abstracts: Modeling market shares of the leading personal automobile insurance companies. The structure of the property/casualty insurance industry
• Abstracts: Equilibrium real exchange rates: closed-form theoretical solutions and some empirical evidence. part 2 Common stochastic trends between forward and spot exchange rates

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.