Ad-valorem taxation and the balance of externalities in federations
This paper shows that--in contrast to unit taxation--horizontal and vertical externalities that exist in federations are ambiguous in sign when taxation is ad-valorem. Their balance, however, depends on the marginal valuation of lower-level government and federal public goods.
Year of publication: |
2010
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---|---|
Authors: | Karakosta, Ourania |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 107.2010, 1, p. 71-73
|
Publisher: |
Elsevier |
Keywords: | Horizontal/vertical externalities Tax competition Fiscal federalism |
Saved in:
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