The Future of Capital Income Taxation*

Auerbach, Alan J.

doi:10.1111/j.1475-5890.2006.00040.x

Cited by 34 publications

(25 citation statements)

References 35 publications

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“…Second, income shifting from per sonal to corporate tax bases, or from non-corporate to the corporate sector due to the incentive effect of the low tax rate in the corporate sector has been suggested as another explanation for the paradox (Devereux and Sorensen, 2005;De Mooij and Nicodeme, 2008). Third, an increase of corporate prof itability and the size of the corporate sector may have increased the effective tax rate and, therefore, tax revenues Devereux and Sorensen, 2005;Auerbach, 2006;Simmons, 2006;Clausing, 2007).…”

Section: Figure 21 a Verage Annual Direct To Indirect Tax Ratio" 19mentioning

confidence: 99%

Direct versus Indirect Taxation: Trends, Theory, and Economic Significance

Martínez-Vázquez¹,

Vulovic²,

Liu³

2011

The Elgar Guide to Tax Systems

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Section: Figure 21 a Verage Annual Direct To Indirect Tax Ratio" 19mentioning

confidence: 99%

Direct versus Indirect Taxation: Trends, Theory, and Economic Significance

Martínez-Vázquez¹,

Vulovic²,

Liu³

2011

The Elgar Guide to Tax Systems

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“…In his history of economic analysis, Schumpeter (1954) cites an old Italian taxation doctrine: "leave profits untouched" (page 205). Auerbach (2006) argues that fully abandoning capital taxation is associated with a loss of revenues that is not captured by a classical theoretical treatment considering only normal returns to saving. Capital returns include also firm-and risk-specific components.…”

Section: Why Tax Profits At All?mentioning

confidence: 99%

Money at the Docks of Tax Havens: A Guide

Hebous

2014

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“…Our choice of the production function assumes that a positive level of public capital is necessary for production, which implies that there must be a minimum level of …scal revenues for the output to be positive. 3 The government taxes private consumption goods, capital income and labor income to …nance an exogenous sequence of lumpsum transfers, fT t g 1 t=0 , and a sequence of public investment, fI g;t g 1 t=0 .…”

Section: The Public Inputs Modelmentioning

confidence: 99%

Fiscal harmonization in the European Union with public inputs

Fernández-de-Córdoba

Torres

2012

Economic Modelling

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Abstract. Fiscal harmonization among the European Union member states is a goal involving major di¢ culties for its implementation. Each country faces a particular trade-o¤ between …scal revenues generated by taxation and the productive e¢ ciency loss induced by their respective tax code. This paper provides a quantitative measure of these trade-o¤s for a number of taxes and the European Union member states using a dynamic general equilibrium model with public inputs. Calibration of the model for the EU-15 member states provides the following results: i) the maximum tax revenue level is not far from the current tax levels for most countries; ii) the cases of Sweden, Denmark and Finland are anomalous, as productive e¢ ciency can be gained by lowering tax rates without a¤ecting …scal revenues; iii) in general, countries would obtain e¢ ciency gains without changing …scal revenues by reducing the capital tax and increasing the labor tax; and iv) capital tax harmonization to the average capital tax rate can be done with quite small changes in both …scal revenues and output for most countries.JEL Classi…cation Numbers: E62, H20, H30.

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The Future of Capital Income Taxation*

Abstract: for helpful discussions and suggestions.

Cited by 34 publications

References 35 publications

Direct versus Indirect Taxation: Trends, Theory, and Economic Significance

Direct versus Indirect Taxation: Trends, Theory, and Economic Significance

Money at the Docks of Tax Havens: A Guide

Fiscal harmonization in the European Union with public inputs

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