Optimal Cooperative Taxation in the Global Economy

How should countries cooperate in setting fiscal and trade policies when government expenditures must be financed with distorting taxes? We show that even if countries cannot make explicit transfers to each other, every point on the Pareto frontier is production efficient, so that international trad...

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Detalles Bibliográficos
Autores principales: Nicolini, Juan Pablo, Chari, V. V., Teles, Pedro
Formato: Artículo publishedVersion
Lenguaje:Inglés
Publicado: The University of Chicago Press 2023
Materias:
Economy
Cooperative Taxation
Acceso en línea:https://repositorio.utdt.edu/handle/20.500.13098/11646
https://doi.org/10.1086/720889
Aporte de:
Repositorio Digital Universidad Torcuato Di Tella de Universidad Torcuato Di Tella
id I57-R163-20.500.13098-11646
record_format dspace
institution Universidad Torcuato Di Tella
institution_str I-57
repository_str R-163
collection Repositorio Digital Universidad Torcuato Di Tella
language Inglés
orig_language_str_mv eng
topic Economy
Cooperative Taxation
spellingShingle Economy
Cooperative Taxation
Nicolini, Juan Pablo
Chari, V. V.
Teles, Pedro
Optimal Cooperative Taxation in the Global Economy
topic_facet Economy
Cooperative Taxation
description How should countries cooperate in setting fiscal and trade policies when government expenditures must be financed with distorting taxes? We show that even if countries cannot make explicit transfers to each other, every point on the Pareto frontier is production efficient, so that international trade and capital flows should be effectively free. Trade agreements must be supplemented with fiscal policy agreements. Residence-based income tax systems have advantages over source-based systems. Taxing all household asset income at a country-specific uniform rate and setting the corporate income tax to zero yield efficient outcomes. Value-added taxes should be adjusted at the border.
format Artículo
publishedVersion
author Nicolini, Juan Pablo
Chari, V. V.
Teles, Pedro
author_facet Nicolini, Juan Pablo
Chari, V. V.
Teles, Pedro
author_sort Nicolini, Juan Pablo
title Optimal Cooperative Taxation in the Global Economy
title_short Optimal Cooperative Taxation in the Global Economy
title_full Optimal Cooperative Taxation in the Global Economy
title_fullStr Optimal Cooperative Taxation in the Global Economy
title_full_unstemmed Optimal Cooperative Taxation in the Global Economy
title_sort optimal cooperative taxation in the global economy
publisher The University of Chicago Press
publishDate 2023
url https://repositorio.utdt.edu/handle/20.500.13098/11646
https://doi.org/10.1086/720889
work_keys_str_mv AT nicolinijuanpablo optimalcooperativetaxationintheglobaleconomy
AT charivv optimalcooperativetaxationintheglobaleconomy
AT telespedro optimalcooperativetaxationintheglobaleconomy
bdutipo_str Repositorios
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