Capital Taxation May Survive in Open Economies

Second draft CAN CAPITAL INCOME TAXES SURVIVE ? AND SHOULD THEY ?

The paper surveys some main results in the theory of capital income taxation in the open economy; reviews recent trends in international taxation, and discusses alternative blueprints for fundamental capital income tax reform from the perspective of an open economy faced with growing mobility of capital

Tax policy and present-biased preferences: Paternalism under international capital mobility ¬リニ

This paper deals with tax-policy responses to quasi-hyperbolic discounting. Earlier research on optimal paternalism typically abstracts from capital mobility. If capital is mobile between countries, it may no longer be possible for national governments to control domestic savings via capital taxation (as in a closed economy). In this paper, we take a broad perspective on public policy responses...

Can Capital Income Taxes Survive in an Open Economies ?

Can Progressive Taxation Contribute to Economic Development ?

Financial instability has increased for many economies in the face of greater capital mobility. Eliminating capital flows, especially portfolio investment flows, may reduce volatility, but it could also result in domestic capital constraints. To overcome this dilemma, policymakers may consider alternatives, such as progressive income taxation, that could raise domestic funds. In this paper, we ...

FS IV 02 01 Human Capital Investment and Globalization in Extortionary States

Human Capital Investment and Globalization in Extortionary States by Fredrik Andersson and Kai A. Konrad This paper considers education investment and public education policy in closed and open economies with an extortionary government. The extortionary government in a closed economy chooses an education policy in order to overcome a hold-up problem of time-consistent taxation similar to benevo...