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Optimal Incentives to Domestic Investment in the Presence of Capital Flight

This paper develops a model of an open economy which employs distortionary taxes to finance public consumption, and with an access to the world capital market. The paper examines the efficiency of quantity restrictions on capital exports and the accompanying set of taxes. A distinction is made betwe...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1989
Series:IMF Working Papers
Subjects:
Wealth
Economics
Income
International Trade Organizations
Public Finance & Taxation
Taxes
Saving
Trade Policy
Export Restrictions
Exports And Imports
Aggregate Factor Income Distribution
International Economics
National Accounts
Taxation, Subsidies, And Revenue: General
International Trade
Consumption
Income Tax Systems
Macroeconomics
Macroeconomics: Consumption
Capital Income Tax
Taxation
Personal Income And Other Nonbusiness Taxes And Subsidies
Income Tax
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper develops a model of an open economy which employs distortionary taxes to finance public consumption, and with an access to the world capital market. The paper examines the efficiency of quantity restrictions on capital exports and the accompanying set of taxes. A distinction is made between a benchmark case where the government can fully tax foreign-source income and a more realistic case where the government cannot effectively tax foreign-source income
Physical Description:22 pages
ISBN:9781451955682

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