publication . Research . 2011

Capital income taxation and progessivity in a global economy

Altshuler, Rosanne; Harris, Benjamin H.; Toder, Eric;
Open Access English
  • Published: 01 Jan 2011
  • Publisher: New Brunswick, NJ: Rutgers University, Department of Economics
Abstract
The increase in international capital mobility over the past two decades has put pressure on the tax treatment of corporate equity income. Corporate-level taxes distort investment flows across locations and create opportunities for tax avoidance by shifting income across jurisdictions. Outward flows of capital shift part of the burden of the corporate-level tax on equity income from capital to labor, thereby making its incidence less progressive. Individual-level taxes on corporate equity income lower the after-tax return to savings but have less distorting effects on investment location and are more likely to fall on owners of capital than workers. This logic s...
Subjects
free text keywords: H20, H24, H25, corporate taxation, individual taxation, Körperschaftsteuer, Steuerprogression, Steuerwirkung, Kapitalmobilität, Steuerreform, Kapitalertragsteuer, USA, ddc:330
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Research . 2011
Provider: EconStor
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