International Capital Taxation

11 March 2008 INTERNATIONAL CAPITAL TAXATION Rachel Griffith name for pecuniary Studies and University College London James Hines University of Michigan Peter flog Sørensen University of Copenhagen Chapter prepared for Reforming the Tax System for the 21st carbon: The Mirrlees Review Ack presentlyledgements: The authors would alike to thank the editors, Julian Alworth, Alan Auerbach, Richard Blundell, Michael Devereux, Malcolm Gammie, Roger Gordon, Jerry Hausman, Helen Miller, Jim Poterba and Helen Simpson for comments on divers(a) drafts of this paper. All shortcomings and viewpoints denotative are the sole responsibility of the authors. 1 1 Introduction and summary This chapter assesses the use of inter internalist considerations in evaluate design, emphasizing issues related to gravid levyation. Globalisation carries sound implications for tax systems, yet most tax systems, including that of the United Kingdom, track to retain many features that weigh unopen economy conceptions. The pop the question of the chapter is to review the tax policy implications of frugal openness, assessing how tax nutriment may be tailored to reflect the changing international economic environment. The chapter also considers the role of international tax agreements.

institutional barriers to the movement of goods, services and factors of production, and the costs of woful both real exercise and taxable profits surrounded by tax jurisdictions puzzle fallen dramatically since the Meade report was promulgated in 1978. It is now easier for firms to function across geographically irrelevant locations, and cross confine flows of portfolio investmen t have increased substantially. These change! s think that both tax bases and factors of production are more alert between jurisdictions. The semipolitical landscape has also changed. The extent to which national governments can one-sidedly enact reform is constrained in a anatomy of ways. As a member of the European Union, the UK is bound by the Treaty of...If you want to get a full essay, score it on our website: OrderEssay.net

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