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| Berndt, Markus; Reichl, Bettina. |
| From standard-portfolio-models the authors derive demand elasticities for risky assets, and combine the results with a simple non-cooperative model of tax competition between capital importing countries. They find that tax rates resulting from tax competition depend heavily on the correlations of capital market indices. If investment alternatives are not correlated, the outcome of both tax competition and a cooperative solution of tax harmonization are identical. The results suggest regional cooperation among capital importing countries. Compared to the exemption method provisions like tax sparing aggravates the harms of tax competition. Die Autoren leiten aus dem Standard-Portfolio-Modell Nachfrageelastizitäten nach riskanten Anlagealternativen her und... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Public Economics; H3; G1. |
| Ano: 2000 |
URL: http://purl.umn.edu/26215 |
