Globalization, Tax Competition and the Future of Tax Systems

December 1, 1996

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper discusses the implications for tax systems of globalization of capital markets and of economies. It shows the extent to which particular taxes are affected by the globalization process. It speculates on future developments in this area and on tax competition.

Subject: Competition, Corporate income tax, Financial markets, Income and capital gains taxes, Income tax systems, Revenue administration, Taxes

Keywords: closed economy, Competition, Corporate income tax, country, enterprise, enterprise's branch, Global, Income and capital gains taxes, Income tax systems, intra-firm trade, multinational enterprise, net effect, tax authorities, tax competition, tax rate, tax-haven country, WP

Pages:
21
Volume:
1996
DOI:
https://doi.org/10.5089/9781451928280.001
Issue:
141
Series:
Working Paper No. 1996/141
Stock No:
WPIEA1411996
ISBN:
9781451928280
ISSN:
1018-5941

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