This note shows that residence-and source-based taxes on capital income are not sufficient to sustain an efficient Nash equilibrium when several goods are internationally traded, apart from two special cases. With several traded commodities, domestic fiscal policies affect foreign welfare not...

The Italian government has recently issued a bill for reforming capital income taxation both at personal and corporate level. This short note evaluates some of the main innovations contained in the government's proposal. As to personal taxation, the reform maintains the demise of accruals...

Italy is the first country to have experimented with both accruals and retrospective capital gains along the lines suggested by Vickrey (1939) and Meade (1978). This paper describes the Italian experience highlighting its peculiar features and the lessons that can be learned by other countries...