Issues Surrounding Capital Gain Tax and Reasonable Development Plan

Capital Tax Competition: Is There A Gain from Monetary Integration?

We show that monetary integration may result in higher capital taxes. The reason is that taxation of mobile capital in a common currency area may give rise to a vertical externality by shrinking the revenues of the anchor central bank from issuing the common currency. As mobility of tax bases, like capital, gives also rise to horizontal tax inefficiencies, the question arises as to whether inst...

Negative Income Tax Plan

State Capacity, Capital Mobility, and Tax Competition

Abstract The theory of international tax competition suggests that governments attempt to attract mobile capital bases by undercutting the foreign capital tax rate. An analysis of the role that state capacity plays in tax policymaking under international pressures is, however, missing. The central contribution of our study is to highlight the importance of the interaction between state capaci...

Capital Mobility and Tax Competition

This text surveys the literature on the implications of international capital mobility for national tax policies. Our main issue for consideration in this survey is whether taxation of income, specifically capital income will survive, how border crossing investment is taxed relative to domestic investment and whether welfare gains can be achieved through international tax coordination. Our anal...

Tax Simplification: Issues and Options

The notion that taxes should be simpler is one of the very few propositions in tax policy that generates almost universal agreement. The fundamental paradox of tax simplification is that despite this consensus, almost every year tax rules become more complex. This report, based on recent congressional testimony, examines a broad range of issues regarding tax complexity. Section II discusses the...