Taxation of investment and savings in a world economy

The equilibrium allocation of capital and equilibrium market prices are derived for a world economy with a unified securities market, mobile capital, no uncertainty, and varying tax rates on different sources of income in each country. The paper then characterizes optimal tax rates for a small count...

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Bibliographic Details
Main Author: Gordon, Roger H
Format: Book
Published: Nashville American Economic Association Dicember 1986
Series:American Economic Review n. 5
Subjects:
Description
Summary:The equilibrium allocation of capital and equilibrium market prices are derived for a world economy with a unified securities market, mobile capital, no uncertainty, and varying tax rates on different sources of income in each country. The paper then characterizes optimal tax rates for a small country in this setting, focusing on the peculiar incentives created when the before-tax rate of return differs among securities due to differences in their typical tax treatment.
Physical Description:pp. 1086-1102 gráf.
Bibliography:Incluye bibliografía
ISSN:00028282