Arbeitspapier
The Optimal Taxation of Dividends in a Small Open Economy
This paper analyses the optimal taxation of dividends and other types of income from portfolio investment. We show that, in an open economy, it is not desirable to offer double taxation relief for dividends paid by domestic firms to domestic households. This result holds for fairly general utility functions. The reason is that the marginal shareholder in domestic firms is a foreign investor. This implies that the level of real investment is not affected by the taxation of domestic dividend income at the household level. A reduction of the tax burden on dividends is therefore merely an undesirable subsidy on domestic asset holdings. Our results also extend the literature on the optimal taxation of risky asset income in general.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 348
- Klassifikation
-
Wirtschaft
- Thema
-
Dividends
international taxation
portfolio investment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fuest, Clemens
Huber, Bernd
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Fuest, Clemens
- Huber, Bernd
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2000
Ähnliche Objekte (12)
Germany's Economic Restart after Covid-19: The Role of Fiscal Policy and Taxation
Source versus residence based taxation with international mergers and acquisitions
Quality versus quantity: the composition effect of corporate taxation on foreign direct investment
How Will Brexit Affect Tax Competition and Tax Harmonization? The Role of Discriminatory Taxation
How will Brexit Affect Tax Competition and Tax Harmonization? The Role of Discriminatory Taxation
Optimal tax policy when firms are internationally mobile
The taxation of foreign profits: The old view, the new view and a pragmatic view
Towards gender equality and enhanced innovation: taxation of couples, parental benefits, and public R&D
Werden die Armen immer ärmer und die Reichen immer reicher? Zehn Thesen zur Ungleichheitsdebatte
Mindestlohn: Bloß nicht
Zur Debatte über die Einführung einer Nettovermögensteuer in Deutschland
Die Zukunft des Geschäftsmodells Deutschland
Germany's Economic Restart after Covid-19: The Role of Fiscal Policy and Taxation
Source versus residence based taxation with international mergers and acquisitions
Quality versus quantity: the composition effect of corporate taxation on foreign direct investment
How Will Brexit Affect Tax Competition and Tax Harmonization? The Role of Discriminatory Taxation
How will Brexit Affect Tax Competition and Tax Harmonization? The Role of Discriminatory Taxation
Optimal tax policy when firms are internationally mobile
The taxation of foreign profits: The old view, the new view and a pragmatic view
Towards gender equality and enhanced innovation: taxation of couples, parental benefits, and public R&D
Werden die Armen immer ärmer und die Reichen immer reicher? Zehn Thesen zur Ungleichheitsdebatte
Mindestlohn: Bloß nicht
Zur Debatte über die Einführung einer Nettovermögensteuer in Deutschland
Die Zukunft des Geschäftsmodells Deutschland
Germany's Economic Restart after Covid-19: The Role of Fiscal Policy and Taxation
Source versus residence based taxation with international mergers and acquisitions
Quality versus quantity: the composition effect of corporate taxation on foreign direct investment
How Will Brexit Affect Tax Competition and Tax Harmonization? The Role of Discriminatory Taxation
How will Brexit Affect Tax Competition and Tax Harmonization? The Role of Discriminatory Taxation
Optimal tax policy when firms are internationally mobile
The taxation of foreign profits: The old view, the new view and a pragmatic view
Towards gender equality and enhanced innovation: taxation of couples, parental benefits, and public R&D
Werden die Armen immer ärmer und die Reichen immer reicher? Zehn Thesen zur Ungleichheitsdebatte
Mindestlohn: Bloß nicht
Zur Debatte über die Einführung einer Nettovermögensteuer in Deutschland