Business, Management and Accounting
4 years ago

Global tax competition leads to significant reduction in domestic capital income taxation.

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The MIT Press eBooks
Capital Income Taxation in the Globalized World
Assaf Razin, Efraim Sadka

Paper Summary

Taxes on capital income have been decreasing due to global competition, especially in the EU. The expansion of the EU in 2004 further lowered these taxes. Tax havens and lack of cooperation among tax authorities limit how much foreign capital income can be taxed. Poor enforcement of international taxes could lead to significant reductions in domestic capital income taxation.

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