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- Title
A Note on the Taxation of International Capital Income Flows.
- Authors
Bruce, Neil
- Abstract
Seemingly persuasive arguments can be made to suggest that income from foreign-owned capital should be taxed by a small open economy and that it should not be taxed. I show that the case for taxing foreign capital income as part of an `optimal' tax scheme rests on the assumption that tax rates on other forms of income are not set optimally. In particular, if economic profit is not fully taxed, a tax on foreign capital income is desirable. if all tax rates are set optimally, foreign capital income should not be taxed by the capital-importing country.
- Subjects
TAXATION of foreign income; CAPITAL movements
- Publication
Economic Record, 1992, Vol 68, Issue 202, p217
- ISSN
0013-0249
- Publication type
Article
- DOI
10.1111/j.1475-4932.1992.tb01767.x