Free Trade Taxation and Protectionist Taxation
نویسنده
چکیده
The goal of this paper is to seek new insight regarding international tax policy by recasting it in paraUel with the theory of international trade. This is accomplished by defining a free trade taxation regime as one that is consistent with an efficient worldwide allocation of capital, and evaluating within this perspective various aspects of tax policy, such as value-added taxes, integration, income shifting, and the choice of worldwide or territorial system of taxes. Compatibility with free trade is not the only standard against which to judge an international tax system. Nevertheless, as national economies become more integrated, the importance of international taxation for the efficient functioning of capital markets will become a central policy issue.
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