This paper provides a challenging view to the tax harmonization issue. The literature often proposes tax harmonization to avoid free-riding behaviors in free-trade areas, and more particularly in monetary unions. Countries may decrease their tax rates in order to develop tax competitive...

This paper addresses the question of the likelihood of a race to the bottom in a monetary union, like the Euro-zone, that could result from tax competition between countries. This fear of a race to the bottom is used both in the economic literature and the political arena to promote tax...

[fre] Les économies en transition ont entrepris une formidable transformation organisationnelle dont l'impact sur leur marché du travail est non moins formidable. Le modèle que nous proposons analyse les facteurs structurels qui influent sur le taux de chômage, mais aussi sur l'emploi et le...

[fre] Cet article analyse les propositions de réformes fiscales au plan européen à la lumière des critères d'optimalité. Après un développement sur les fondements théoriques de ces critères, il analyse dans quelle mesure ces propositions satisfont aux conditions de l'optimalité...

The purpose of this paper is to use a game theoretical approach to analyze tax harmonization, or competition, in a monetary union, more specifically in Europe. Without harmonization, free-riding behaviors may appear, leading to a sub-optimal tax equilibrium. Tax competition may also create...