Business, Management and Accounting
4 years ago

Global tax coordination boosts public goods and income redistribution worldwide.

National Bureau of Economic Research
Integration of the International Capital Markets: The Size of Government and Tax Coordination
Assaf Razin, Efraim Sadka

Paper Summary

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International capital market integration affects government policies like taxation and public goods provision. Relaxing restrictions on capital flows can lead to increased income redistribution and supply of public goods. Taxing income from investments abroad and at home equally is optimal when there are no barriers to capital flows. Some level of tax coordination is necessary for a stable global economy.