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 …

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

address this volatility with a small tax on all foreign exchange transactions has not received the serious attention it … deserves. The paper argues that a better case can be made for the proposition that the tax might dampen exchange rate … volatility than most economists believe. Calculations show that the tax, unlike some forms of capital control, would fall far …

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 …

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 …

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 …

with the international capital market liberalization; (d) some minimal degree of tax coordination (such as origin-based or … source-based tax schemes) is essential for the existence of an equilibrium in an integrated world economy …International-capital market integration has become a key policy issue in the prospective integration of Europe of 1992 …

country in offshore tax havens. The equivalent of 10% of world GDP is held in tax havens globally, but this average masks a … countries, which account for close to half of world GDP. Because offshore wealth is very concentrated at the top, accounting for … it increases the top 0.01% wealth share substantially in Europe, even in countries that do not use tax havens extensively …