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
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...
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
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