Cash Flow Taxes in an Open Economy

Stephen Roy Bond and Michael P. Devereux ()

No 3401, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Academic and policy debates generally consider levying tax on corporate profit on either a residence basis or on a source basis. We explore two alternatives, based on the location of consumption, rather than production – destination-based, as opposed to source-based or residence-based, taxes. We analyse the properties of these taxes, especially with respect to their impact on location decisions and domestic welfare.

Keywords: corporation tax; investment; location (search for similar items in EconPapers)
JEL-codes: F21 F23 H25 H32 H87 (search for similar items in EconPapers)
Date: 2002-05
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