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Tax competition and politics: double-edged incentives revisited
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Lockwood, Ben and Makris, Miltiadis (2003) Tax competition and politics: double-edged incentives revisited. Working Paper. Coventry: University of Warwick. Centre for the Study of Globalisation and Regionalisation. Working papers (University of Warwick. Centre for the Study of Globalisation and Regionalisation) (No.125).
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Official URL: http://www2.warwick.ac.uk/fac/soc/csgr/research/wo...
Abstract
We re-examine, from a political economy perspective, the standard view that higher capital mobility results in lower capital taxes - a view, in fact, that is not confirmed by the available empirical evidence. We show that when a small economy is opened to capital mobility, the change of incidence of a tax on capital - from capital owners to owners of the immobile factor - may interact in such a way with political decision-making so as to cause a rise in the equilibrium tax. This can happen whether or not the fixed factor (labour) can be taxed.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Subjects: | H Social Sciences > HG Finance | ||||
Divisions: | Faculty of Social Sciences > Economics Faculty of Social Sciences > Centre for the Study of Globalisation and Regionalisation |
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Library of Congress Subject Headings (LCSH): | Taxation -- Econometric models, Capital movements -- Taxation, Fiscal policy, Economic development -- Mathematical models, Economics -- Political aspects | ||||
Series Name: | Working papers (University of Warwick. Centre for the Study of Globalisation and Regionalisation) | ||||
Publisher: | University of Warwick. Centre for the Study of Globalisation and Regionalisation | ||||
Place of Publication: | Coventry | ||||
Official Date: | September 2003 | ||||
Dates: |
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Number: | No.125 | ||||
Number of Pages: | 24 | ||||
Status: | Not Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Description: | First version, June 2002; this version, September 2003 |
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