Optimal federal capital income taxation
Kotsogiannis, C. and Makris, M. (1998) Optimal federal capital income taxation. Southampton, GB, University of Southampton (Discussion Papers in Economics and Econometrics, 9820).
Full text not available from this repository.
Intergovernmental grants are not available to all federations. In this paper, optimal federal tax policies in a multileveled government framework are studied, when the federal authority has no access to intergovernmental grants, and the state governments implement the residence principle. A vertical fiscal externality exists. The federal government, using the available tax instruments, has a dual role; it corrects the inefficiences that arise from the non-cooperative behaviour of the state governments and also redistributes income. It is shown that there may exist a conflict in the redistributional considerations of the federal government and the achievement of production efficiency between the federation and the rest of the world.
|Item Type:||Monograph (Discussion Paper)|
|Subjects:||H Social Sciences > HJ Public Finance
J Political Science > JF Political institutions (General)
|Divisions:||University Structure - Pre August 2011 > School of Social Sciences > Economics
|Date Deposited:||25 Jan 2008|
|Last Modified:||02 Mar 2012 12:47|
|Contributors:||Kotsogiannis, C. (Author)
Makris, M. (Author)
|Publisher:||University of Southampton|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
Actions (login required)