Title: Fortress Building in Global Tax Competition
Abstract: This paper studies whether a group of countries can gain from harmonizing their capital income taxes if the rest of the world does not follow suit. It is shown that cooperation among the subgroup of countries is beneficial if tax rates in the initial fully noncooperative Nash equilibrium are strategic complements. In this case tax harmonization among a subset of countries is Pareto improving for all countries.
Publication Year: 1999
Publication Date: 1999-07-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 99
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