A Note on Intertemporal Fiscal Competition and Redistribution |
| |
Authors: | Kersten Kellermann |
| |
Institution: | (1) Center of Public Finance, University of Fribourg, Beauregard 13, CH-1700 Fribourg, Switzerland |
| |
Abstract: | This paper studies fiscal competition among jurisdictions in a dynamic framework, where the degree of mobility of private
capital across jurisdictions boundaries is perfect. The optimal tax on mobile capital is a source tax that taxes away factor
rents. Further we show that taxation of mobile capital can redistribute income in favor of the immobile factor labor. This
is because the factor rents generated by public inputs and appropriated by mobile capital exceed the efficient level of public
expenditure for investments.
JEL Code: H21, H23, H42, H71 |
| |
Keywords: | fiscal competition tax competition public inputs source tax capital taxation capital mobility |
本文献已被 SpringerLink 等数据库收录! |
|