Steffen Ganghof
- Published in print:
- 2000
- Published Online:
- November 2003
- ISBN:
- 9780199240920
- eISBN:
- 9780191600180
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199240922.003.0013
- Subject:
- Political Science, Comparative Politics
While tax competition is widely regarded as a major fiscal constraint on the welfare state, in fact, very little is known about its real impact. How have advanced industrialized states reacted to the ...
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While tax competition is widely regarded as a major fiscal constraint on the welfare state, in fact, very little is known about its real impact. How have advanced industrialized states reacted to the growing mobility of parts of their tax base? To what extent has tax competition resulted in a shift of burdens to less mobile tax bases? In answering these questions, the article identifies the different shape and force of tax competition in different areas of taxation, and the differing ways in which countries have responded. The conclusion is that the pressures of international tax competition are real, but so are countervailing economic and political pressures that work against a general ‘race to the bottom’ in the taxation of potentially mobile bases. At the same time, revenue‐preserving adjustment strategies have prevented large‐scale revenue losses at the price of creating politically more controversial structures of taxation.Less
While tax competition is widely regarded as a major fiscal constraint on the welfare state, in fact, very little is known about its real impact. How have advanced industrialized states reacted to the growing mobility of parts of their tax base? To what extent has tax competition resulted in a shift of burdens to less mobile tax bases? In answering these questions, the article identifies the different shape and force of tax competition in different areas of taxation, and the differing ways in which countries have responded. The conclusion is that the pressures of international tax competition are real, but so are countervailing economic and political pressures that work against a general ‘race to the bottom’ in the taxation of potentially mobile bases. At the same time, revenue‐preserving adjustment strategies have prevented large‐scale revenue losses at the price of creating politically more controversial structures of taxation.
Hiromitsu Ishi
- Published in print:
- 2001
- Published Online:
- November 2003
- ISBN:
- 9780199242566
- eISBN:
- 9780191596452
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199242569.003.0011
- Subject:
- Economics and Finance, South and East Asia
Gives an overview of tax incentive policies, paying much attention to the role played by the government in light of the special tax measures for corporation. Also, the tax burden of the corporate ...
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Gives an overview of tax incentive policies, paying much attention to the role played by the government in light of the special tax measures for corporation. Also, the tax burden of the corporate sector is clarified with special reference to tax incentives.Less
Gives an overview of tax incentive policies, paying much attention to the role played by the government in light of the special tax measures for corporation. Also, the tax burden of the corporate sector is clarified with special reference to tax incentives.
Alex Cobham
- Published in print:
- 2019
- Published Online:
- May 2019
- ISBN:
- 9780190882228
- eISBN:
- 9780190882266
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780190882228.003.0007
- Subject:
- Law, Human Rights and Immigration
This chapter focuses on the role of states in actively procuring profit shifting across borders. The effects of global profit shifting and the associated revenue losses suffered by countries at every ...
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This chapter focuses on the role of states in actively procuring profit shifting across borders. The effects of global profit shifting and the associated revenue losses suffered by countries at every income level can be attributed to those jurisdictions that procure the majority of global profit shifting. Measures against these state procurers of profit shifting can take a number of forms. First, human rights instruments can be used to highlight the extraterritorial damage being done, and to drive political salience and responses by shaming. Second, indicators of profit shifting can and should be established in international mechanisms such as the reporting of the Sustainable Development Goals to ensure continuing accountability for the state procurers. Finally, individual jurisdictions and regional blocs should consider unilateral defensive measures to eliminate the impact of profit shifting.Less
This chapter focuses on the role of states in actively procuring profit shifting across borders. The effects of global profit shifting and the associated revenue losses suffered by countries at every income level can be attributed to those jurisdictions that procure the majority of global profit shifting. Measures against these state procurers of profit shifting can take a number of forms. First, human rights instruments can be used to highlight the extraterritorial damage being done, and to drive political salience and responses by shaming. Second, indicators of profit shifting can and should be established in international mechanisms such as the reporting of the Sustainable Development Goals to ensure continuing accountability for the state procurers. Finally, individual jurisdictions and regional blocs should consider unilateral defensive measures to eliminate the impact of profit shifting.
