This paper explores how the tax treatment of investment and savings affects international capital flows as well as … internationalization of financial markets calls for a careful study of the international implications of domestic tax policies …

to have relatively high effective tax rates on equity-financed investment. The analysis suggests that both countries … would benefit from streamlining capital cost recovery allowances and possibly lowering statutory corporate tax rates …—as permitted by the revenue constraint—rather than providing tax preferences for foreign investors …

The Icelandic government has launched a review of the tax system, with a view to improving its income redistribution … detrimental effects on employment and growth, and at removing inconsistencies with international practices. The tax measures will …. The Icelandic Corporate Index Tax would benefit from adopting financial accounting as the basis to determine taxable …