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Short-Term and Long-Term Government Debt and Nonresident Interest Withholding Taxes

Harry Huizinga, Jan Lemmen and Sylvester Eijffinger

FMG Discussion Papers from Financial Markets Group

Abstract: This paper examines the incidence of nonresident interest withholding taxes in the international 3-month Treasury-bill market and the international 5-year government bond market. The approach is one of the pooled cross-section, time-series regressions. The evidence suggests that the yields on national Treasury-bill and on 5-year government bonds fully reflect the nonresident interest withholding taxes imposed on American or Japanese investors. Nonresident interest withholding taxes on short-term and long-term government debt thus do not appear to be borne by the international investor.

Date: 1997-09
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Citations: View citations in EconPapers (5)

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Related works:
Journal Article: Short-term and long-term government debt and nonresident interest withholding taxes (1998) Downloads
Working Paper: Short-term and long-term government debt and non resident interest witholding taxes (1998) Downloads
Working Paper: Short-term and long-term government debt and non-resident interest withholding taxes (1997) Downloads
Working Paper: Short-Term and Long-Term Government Debt and Nonresident Interest Withholding Taxes (1996) Downloads
Working Paper: Short-Term and Long-Term Government Debt and Nonresident Interest Withholding Taxes (1996) Downloads
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