Capital Income Taxation of Asymmetric Countries

Michael J. Koop

No 1041, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: The paper analyzes the effects of a source-based capital income tax on production and market structures, trade and capital flows as well as national and global welfare. The analysis is carried by means of a general equilibrium model of trade which incorporates international capital flows as well as the existence of multinational enterprises. The focus of the paper is on identifying the influence of different absolute and relative factor endowments on the effects of capital income taxation. Simulations of the model show that a one-size-fits-all tax policy does not exist and that governments need to take their own country's factor endowment into account when making tax policy decisions.

Keywords: Capital Income Taxation; Asymmetric Countries; Capital Mobility; Tax Competition (search for similar items in EconPapers)
JEL-codes: D52 H21 H24 H43 (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1041

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