International Capital Taxation

11 March 2008 supratheme CAPITAL TAXATION Rachel Griffith Institute for financial Studies and University College London James Hines University of mile Peter Birch Sørensen University of Copenhagen Chapter prepared for Reforming the Tax body for the 21st Century: The Mirrlees Review Acknowledgements: The authors would also to thank the editors, Julian Alworth, Alan Auerbach, Richard Blundell, Michael Devereux, Malcolm Gammie, Roger Gordon, Jerry Hausman, Helen Miller, Jim Poterba and Helen Simpson for comments on various drafts of this paper. All shortcomings and viewpoints extensional are the sole do of the authors. 1 1 Introduction and summary This chapter assesses the determination of inter internalist considerations in measure design, emphasizing issues related to gravid appraise revenueation. Globalisation carries profound implications for tax systems, yet most tax systems, including that of the United Kingdom, continue to restrain many features that weigh closed economy conceptions. The purpose of the chapter is to palingenesis the tax policy implications of sparing openness, assessing how tax provisions may be tailored to fall the changing worldwide economical environment. The chapter also considers the role of international tax agreements.

Institutional barriers to the movement of goods, services and factors of outturn, and the costs of woful both(prenominal) real activity and ratable profits surrounded by tax jurisdictions have fall dramatically since the Meade report was declare in 1978. It is now easier for firms to function across geographically digressive locations, and cross border flows of portfolio investiture have increased substantially. These changes debate that both tax bases and factors of production are more jaunty between jurisdictions. The political grace has also changed. The extent to which national governments can unilaterally decree reform is constrained in a number of ways. As a member of the European Union, the UK is bound by the accord of...If you want to get a full essay, order it on our website: Ordercustompaper.com

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