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Capital Taxation (capital + taxation)
Selected AbstractsArt, death and taxes: the taxation of works of art in Britain, 1796,1914HISTORICAL RESEARCH, Issue 185 2001Peter Mandler Based primarily on an extensive survey of death duty papers in the Public Record Office, this article shows how works of art were taxed,or not,over the course of the long nineteenth century. It sheds light on the theory and practice of capital taxation, and the special treatment accorded works of art, especially when attached to landed estates. It also shows how towards the end of the period government negotiated the countervailing pressures both to professionalize the valuation and assessment of works of art and to protect the ,national heritage' in art from sale and export. [source] Generational incidence of savings taxation versus capital-income taxationINTERNATIONAL JOURNAL OF ECONOMIC THEORY, Issue 2 2007Alan Krause D5; D6; D9; H2 This paper examines the incidence of capital taxation in a model in which the taxation of capital is clearly justifiable and using analytical techniques from the tax reform literature. The taxation of capital has long been a controversial issue, with much of the literature concluding that savings/capital-income should not be taxed. Recently, however, Blackorby and Brett have shown in a model with several desirable features that it can be optimal to tax capital, and they provide a simple yet compelling argument in favor of both savings taxation and capital-income taxation. We use the Blackorby,Brett model (i.e. a model in which the taxation of capital can be justified) to revisit the question of the incidence of capital taxation. We focus on the generational incidence of capital taxation; that is, the incidence on a young generation and an old generation. However, an interpretation in terms of the incidence on "capital" versus "labor" (as is traditional in the tax incidence literature) is also provided. [source] TAX COMPETITION IN THE PRESENCE OF INTERJURISDICTIONAL EXTERNALITIES: THE CASE OF CRIME PREVENTION,JOURNAL OF REGIONAL SCIENCE, Issue 5 2007Santiago M. Pinto ABSTRACT The paper analyzes the effect of fiscal competition when local governments choose the level of public goods that generate spillover effects elsewhere. For instance, law enforcement activities affect both the crime level in the jurisdiction providing the good and in neighboring communities. The model shows that when local governments rely on capital taxation to finance these expenditures the spillover effects may not lead to an inefficient provision of public goods as predicted by the tax competition literature. In the model, capital is costlessly mobile and offenders relocate responding to differential criminal opportunities and differential local law enforcement efforts. [source] Die deutsche Steuerbelastung im internationalen Vergleich: Warum Deutschland (k)eine Steuerreform brauchtPERSPEKTIVEN DER WIRTSCHAFTSPOLITIK, Issue 1 2001Frank Hettich This paper attacks the widespread view that the latest (corporate) income tax reform in Germany was urgently needed to reduce the tax burden on the German economy. In the run-up to this tax reform, the public debate focused on nominal income tax rates and hence neglected the determination of the tax base. Empirical results on effective tax burdens in OECD countries show that a reform of German (corporate) capital taxation cannot be justified on the grounds of the tax burden. The international comparison of effective average tax rates shows that the corporate tax burden in Germany steadily declined from 1980 and was in 1996 lower than in most other industrialised countries. However, we argue that not only the actual tax burden but also the complexity of a tax system determines its international competitiveness. A German tax reform was , and still is , necessary due to the lasting complexity of the tax system and the relatively high tax burden on labour. [source] | |||||||||||||