
KCI등재
학술저널
International Repercussions of Source-based Capital Income Taxation
International Repercussions of Source-based Capital Income Taxation
- Thomas Alslev Christensen Soren Bo Nielsen
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제10권 제1호
- 등재여부 : KCI등재
- 1995.03
- 87 - 110 (24 pages)
The paper is concerned with international effects of source-based capital income taxation in a large economy. We derive, within the context of a two-country overlapping generations model in continuous time, the implications of such taxation for the world interest rate and for investment, consumption, saving and external balances at home and abroad. Furthermore, we argue that higher source-based taxes will hurt foreigners alive at the time of the policy change, whereas future citizens abroad stand to benefit. Finally, the effects of source- and residence-based taxes are compared.