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1 - 10 van 59 voor mobile capital
Microsoft Word - DP CCCTB voorblad.doc
... mobile capital across countries. intuitively, capital mobility equalises after-tax rates of return. if emtrs differ across countries, this implies that before-tax rates of return must differ. it reflects the distortion in capital ... emtrs. countries with a low emtr thus lose their competitive advantage in attracting mobile capital compared to countries with a high emtr. but cfa does cause distortions ...
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capital income taxation europe trends and trade offs pdf
... not least, capital market integration intensifies tax competition among governments it prompts governments to set low effective tax rates in order to lure internationally mobile capital. capital market integration ... internationally mobile capital. the result of this fiscal externality would be either inefficiently low levels of public good provision, or inefficiently high tax rates on less mobile ...
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how mobile capital within european union pdf
... tax competition prompts governments to set inefficiently low tax rates on interjurisdictionally mobile capital (zodrow and mieszkowski, 1986). in fact, tax competition may drive tax ... although puzzling from a theoreticalperspective,acceptableinthelightofwhatweactuallyobserve governments do in fact tax internationally mobile capital. however, one's stance on the nature of governments must, given the ...
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remedy may be worse disease critical account code conduct pdf
... capital, and k units of mobile capital. immobile capital is to be supplied on the national capital market, whereas mobile capital may be supplied anywhere. one should think of immobile capital as linked to normal business activity, while mobile capital ...
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will corporate tax consolidation improve efficiency eu pdf
... of financing 51 5.5.3 less mobile capital choice of the apportionment formula matters 55 ... mobile or immobile factors. two papers shed some light on this issue. wellisch (2004) demonstrates that when using two apportionment factors, one immobile (labour) and the other mobile (capital ... range from general, small regions with a relatively capital-mobile industrial base and high statutory tax rates ...
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who benefits tax competition european union pdf
... tax competition story is simple. capital market integration prompts member states to undercut each others cit rates in order to attract internationally mobile capital. this puts the solvency of ... by location specific capital. physical capital is perfectly mobile internationally. although the gross rate of return is fixed at the world capital market, the user cost of capital depends on country- ...
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Curriculum Vitae
... of amsterdam, 1985. - growth and income distribution in the presence of internationally mobile capital, research memorandum 8310, department of economics, university of amsterdam, post-keynesian ... - vermindering van overheidsschuld door een eenmalige heffing ( reduction of public debt by a capital levy ), economisch statistische berichten evaluatie van het aanbodeconomische beleid in nederland ( ...
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Microsoft Word - cpbdoc_tang.doc
... in the story about ageing and capital flows. what are the effects of ageing on capital flows? how mobile is capital? and to what extent could international capital flows help to mitigate the economic effects of ageing? we review the existing evidence on the role of international capital ...
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The effect of corporate taxes on investment and the capital stock | www.cpb.nl
... first one concerns the fairly standard change in the user cost of capital, which determines a firm's optimal capital stock given that the firm is located in the netherlands. the paper ... the user cost of capital because cost of capital is not fully deductible. the second channel deals with the direct effect of corporate taxation on profits. if capital is sufficiently mobile, the after tax ...
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Microsoft Word - cpbdoc91.doc
... that when capital is mobile, advanced economies should invest in poor countries where capital is scarce and the marginal returns to investment are high. 2.2 human capital 2.2.1 human capital in a ... financial capital is much more mobile than human capital, so we would not expect massive migration to france if the french earn a somewhat higher college premium than the dutch. and even financial capital ...
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