Optimal cooperative taxation in the global economy

V. V. Chari; Juan Pablo Nicolini; Pedro Teles

doi:10.21034/sr.581

Optimal cooperative taxation in the global economy

V. V. Chari, Juan Pablo Nicolini, Pedro Teles

Resultado de pesquisa

45 Transferências (Pure)

Resumo

How should countries cooperate in setting fiscal and trade policies when government expenditures must be financed with distorting taxes? We show that even if countries cannot make explicit transfers to each other, every point on the Pareto frontier is production efficient, so that international trade and capital flows should be effectively free. Trade agreements must be supplemented with fiscal policy agreements. Residence-based income tax systems have advantages over source-based systems. Taxing all household asset income at a country-specific uniform rate and setting the corporate income tax to zero yield efficient outcomes. Value-added taxes should be adjusted at the border.

Idioma original	English
Número de páginas	45
DOIs	https://doi.org/10.21034/sr.581
Estado da publicação	Publicado - mar. 2022

ODS da ONU

Este resultado contribui para o(s) seguinte(s) Objetivo(s) de Desenvolvimento Sustentável

Acesso ao documento

10.21034/sr.581Licença: Unspecified

47732739Final published version, 581 KBLicença: Unspecified

http://hdl.handle.net/10400.14/38217Licença: Unspecified

1 Ativos

CUBE: Católica Lisbon Research Unit in Business and Economics
Machado, F. (PI), Aranda, A. M. (Investigador), Costa, A. I. D. A. (Investigador), Martins, A. P. (Investigador), Bernard, A. (Investigador), Fidalgo, A. (Investigador), Reis, C. (Investigador), Abecassis-Moedas, C. (Investigador), Santos, C. (Investigador), Tran, D. (Investigador), Fernandes, D. (Investigador), Bonfim, D. (Investigador), Schliephake, E. (Investigador), Kalogirou, F. (Investigador), Reis, F. (Investigador), Santos, F. (Investigador), Machado, F. (Investigador), Sguera, F. (Investigador), Cerqueiro, G. (Investigador), Reis, H. (Investigador), Barreto, I. (Investigador), Silva, J. (Investigador), Salvado, J. C. (Investigador), Neves, J. C. D. (Investigador), Gijsbrechts, J. (Investigador), Stahl, J. (Investigador), Guedes, J. C. (Investigador), Faias, J. (Investigador), Wagner, L. (Investigador), Correia, I. (Investigador), Saldanha, M. F. (Investigador), Fontes, J. C. (Investigador), Modesto, L. (Investigador), Meira, M. (Investigador), Matos, M. G. D. (Investigador), Gouveia, M. (Investigador), Kozeniauskas, N. (Investigador), Bertani, N. (Investigador), Couzoff, P. (Investigador), Barroso, P. (Investigador), Encarnação, P. (Investigador), Raposo, P. (Investigador), Teles, P. (Investigador), Bastos, W. (Investigador), Bohnsack, R. (Investigador), Vale, R. C. D. (Investigador), Ferreira, R. (Investigador), Lloyd-Braga, T. (Investigador), Ramus, T. (Investigador), Colaço, V. H. (Investigador), Cavicchini, A. (Investigador), Parada, P. (Investigador), Pieters, R. (Investigador), Pinto, F. A. G. D. L. S. (Investigador), Colaço, V. H. (Investigador) & Venter, Z. (Investigador)
1/01/20 → 31/12/25
Projeto

1 Article

Optimal cooperative taxation in the global economy
Chari, V. V., Nicolini, J. P. & Teles, P., jan. 2023, Em: Journal of Political Economy. 131, 1, p. 95-130 36 p.
Resultado de pesquisa › revisão de pares
6 Citações (Scopus)

Citação

@techreport{6202e4e1a28f464591abad6a2b5295fc,

title = "Optimal cooperative taxation in the global economy",

abstract = "How should countries cooperate in setting fiscal and trade policies when government expenditures must be financed with distorting taxes? We show that even if countries cannot make explicit transfers to each other, every point on the Pareto frontier is production efficient, so that international trade and capital flows should be effectively free. Trade agreements must be supplemented with fiscal policy agreements. Residence-based income tax systems have advantages over source-based systems. Taxing all household asset income at a country-specific uniform rate and setting the corporate income tax to zero yield efficient outcomes. Value-added taxes should be adjusted at the border.",

keywords = "Capital income tax, Free trade, Value-added taxes, Border adjustment, Origin- and destination-based taxation, Production efficiency",

author = "Chari, {V. V.} and Nicolini, {Juan Pablo} and Pedro Teles",

year = "2022",

month = mar,

doi = "10.21034/sr.581",

language = "English",

type = "WorkingPaper",

}

TY - UNPB

T1 - Optimal cooperative taxation in the global economy

AU - Chari, V. V.

AU - Nicolini, Juan Pablo

AU - Teles, Pedro

PY - 2022/3

Y1 - 2022/3

N2 - How should countries cooperate in setting fiscal and trade policies when government expenditures must be financed with distorting taxes? We show that even if countries cannot make explicit transfers to each other, every point on the Pareto frontier is production efficient, so that international trade and capital flows should be effectively free. Trade agreements must be supplemented with fiscal policy agreements. Residence-based income tax systems have advantages over source-based systems. Taxing all household asset income at a country-specific uniform rate and setting the corporate income tax to zero yield efficient outcomes. Value-added taxes should be adjusted at the border.

AB - How should countries cooperate in setting fiscal and trade policies when government expenditures must be financed with distorting taxes? We show that even if countries cannot make explicit transfers to each other, every point on the Pareto frontier is production efficient, so that international trade and capital flows should be effectively free. Trade agreements must be supplemented with fiscal policy agreements. Residence-based income tax systems have advantages over source-based systems. Taxing all household asset income at a country-specific uniform rate and setting the corporate income tax to zero yield efficient outcomes. Value-added taxes should be adjusted at the border.

KW - Capital income tax

KW - Free trade

KW - Value-added taxes

KW - Border adjustment

KW - Origin- and destination-based taxation

KW - Production efficiency

U2 - 10.21034/sr.581

DO - 10.21034/sr.581

M3 - Working paper

BT - Optimal cooperative taxation in the global economy

ER -

Optimal cooperative taxation in the global economy

Resumo

ODS da ONU

Acesso ao documento

Impressão digital

Projetos

CUBE: Católica Lisbon Research Unit in Business and Economics

Resultado de pesquisa

Optimal cooperative taxation in the global economy

Citação