This paper has two ambitions. First, we review the economic literature on tax coordination. Second, we argue that the … taxation of capital is not an issue of efficiency, but instead an issue of equity. In particular, capital tax coordination can …

that the United Kingdom can benefit from tax competition with Continental Europe. Surprisingly, the gains from coordination …

. I study whether international tax coordination can alleviate this problem, using a general equilibrium model … tax coordination and regional coordination. With high capital mobility between the tax union and the rest of the world …, the welfare gain from regional capital income tax coordination is only a small fraction of the gain from global …

that the United Kingdom can benefit from tax competition with Continental Europe. Surprisingly, the gains from coordination …

We examine international fiscal coordination in a world where markets are integrated but national governments are …

equilibrium model to estimate the effects of such tax co-ordination on resource allocation, income distribution and social welfare … out of Europe. Capital flight will indeed reduce the welfare gain from tax co-ordination within Western Europe, but a … positive net gain will remain, although it is likely to be well below 1% of GDP. The gain from co-ordination will be unevenly …