Sermaye Kaçışı Problemi Karşısında Değişen Vergileme Anlayışı

Birol Karakurt

Sosyoekonomi Journal, 2005, issue 2005-2

Abstract: Globalization involves increasing freedom of capital movement. Free movement of capital and opportunities for geographical dispersion of firms thus create fundamental challenges for tax authorities. High tax rates are more difficult to sustain in the new economic environment. That is particularly true for taxes on capital. In view of this practice capital will move to zero tax rates or the low tax state from the high tax states. That is, high taxation of capital causes capital flight, thus reducing domestic productivity and erode tax base. Given the increasing threat of capital flight, globalization theorist argue that one of the most important competitive strategies available to states to attract and retain capital is to reduce tax burden on individuals and corporations. To avoid capital flight and reducing tax base, countries have to regulate their tax systems inevitable. Therefore, increasing capital mobility has transformed national tax policy.

Keywords: Capital Mobility; Capital Flight; Taxation. (search for similar items in EconPapers)
JEL-codes: E62 F21 H20 H26 H87 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:050207

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