Capital Income Taxation in a World Economy: A Territorial System versus a Residence System

Toshihiro Ihori

Economic Journal, 1991, vol. 101, issue 407, 958-65

Abstract: This paper investigates the effects of a tax reform of conversion from capital income to consumption taxes on capital accumulation in a two-country model. In the territorial system, the tax reform will normally lead to a negative comovement between capital accumulation in two countries, while in the residence system it will lead to a positive comovement. Copyright 1991 by Royal Economic Society.

Date: 1991
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