On tax competition: the (un-)expected advantages of decentralized fiscal autonomy

Arbeitspapier

Tax competition is much discussed in the political arena these days. Although it is not a new phenomenon, the political pressure has increased to restrict tax competition by intensifying tax coordination and accomplishing tax harmonization. This particularly holds for the EU which has established a Code of Conduct for business taxation in 1997 and is about to establish a system of information exchange with respect to capital income taxation (allowing Austria, Belgium and Luxembourg a minimum source tax on capital income as an alternative). In 2001, the Commission has additionally released the so called ‚Ruding II‘-report in which a uniform corporate tax base with formulary apportionment is proposed for the EU. In addition, the OECD (1998) aims at stronger tax coordination among its members also favoring a system of information exchange. Such a system would necessarily involve the abolishment of (or the reduction of the strictness of) bank secrecy laws around the world (Feld 2002).

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Marburger Volkswirtschaftliche Beiträge ; No. 2004,25

Classification and Topics

• Classification: Wirtschaft
• Subject: Steuerwettbewerb ; Finanzföderalismus ; Wirtschaftswachstum ; Wohlfahrtseffekt ; OECD-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Feld, Lars P.
• Event: Veröffentlichung
• (who): Philipps-Universität Marburg, Fachbereich Wirtschaftswissenschaften
• (where): Marburg
• (when): 2004

Further information

• Handle: http://hdl.handle.net/10419/29846
• Last update: 10.03.2025, 11:43 AM CET