This paper characterizes the optimal transaction tax in an equilibrium model of competitive financial markets. As long … calculates welfare using any single belief, a strictly positive tax is optimal, regardless of the magnitude of fundamental … trading. Under some conditions, the optimal tax is independent of the belief used by the planner to calculate welfare. The …

) Business Investment and (4) Tax Incidence in a Growing Economy …

This paper studies the international experience with securities transaction taxes (STTs), using the Swedish and British …

This paper analyzes the tax haven investment behavior of multinational firms from a country that exempts foreign income … from taxation. High foreign tax rates generally encourage firms to invest in tax havens, though significant costs of … this prediction: at the mean, one percentage point higher foreign tax rates are associated with three percentage point …

of the observed average tax rate and the standard deviation of rates. In 2020, the mean world corporate tax rate was 25 ….9%, and the standard deviation 4.5%, so if there is an efficient harmonized world tax rate, it must be 30.4% or higher …Tax harmonization entails a uniform rate that may not suit all governments. Harmonization can advance collective …

This paper highlights macroeconomic issues pertinent to the understanding of the international and domestic effects of … international VAT harmonization. It outlines elements of the policies of VAT harmonization envisaged for Europe of 1992, and … develops a basic tax model which is suitable for the analysis of the incentive effects of various tax policies and their …

The integration of world capital markets carries important implications for the design and impact of tax policies. This … explaining behavior, and observed tax policies, and they also suggest that international agreements have the potential to improve … paper evaluates research findings on international taxation, drawing attention to connections and inconsistencies between …