@article{6a8398f956bc423187695478e37bc702,
title = "Optimal International Taxation and Growth Rate Convergence: Tax Competition vs. Coordination",
abstract = "Optimal international taxation and its implications for convergence in long run income growth rates are analyzed in the context of an endogenously growing world economy with perfect capital mobility. Under tax competition (i) the residence principle will maximize national welfare; (ii) the optimal long run tax rate on capital incomes from various sources will be zero in all countries; and (iii) long term per capita income growth rates will be equalized across countries. Under tax coordination, (i) becomes irrelevant while (ii) and (iii) will continue to hold. In other words, optimal tax policies are growth-equalizing with and without international policy coordination.",
keywords = "Capital mobility, Growth rate convergence, Optimal capital taxation, Tax competition, Tax coordination",
author = "Assaf Razin and Yuen, {Chi Wa}",
note = "Funding Information: We would like to thank Efraim Sadka for discussion, and Jack Mintz (the editor) and two anonymous referees for many useful comments. Financial support from the Research Grant Council in Hong Kong (through grants HKU396/96H, HKU496/94H, and HKUST 88/92H) is gratefully acknowledged. The usual disclaimer applies.",
year = "1999",
doi = "10.1023/A:1008647804031",
language = "אנגלית",
volume = "6",
pages = "61--78",
journal = "International Tax and Public Finance",
issn = "0927-5940",
publisher = "Springer New York",
number = "1",
}