INSEAD Library

Includes bibliographical references

Includes chapter by Richard M. Levich and Ingo Walter "Tax-driven regulatory drag: European financial centers in the 1990s", p. 75-98

Digitized

Reforming Capital Income Taxation Contents Preface .................................................. Horst Siebert VII I. Allocation and Taxation Reforming Capital Income Taxation in the Open Economy: Theoretical Issues ................. Alberto Giovannini Discussant ......................................................... Wolfgang Kitterer Tax Havens, Tax Bargains and Tax Addresses: The Effect of Taxation on the Spatial Allocation of Capital ........................... Joel Slernrod Discussant ...................................................... Julian S. Alworth Can Direct and Indirect Taxes Be Added for International Comparisons of Competitiveness? ........................................... Hans-Werner Sinn Discussant ...................................................... Christian Seidl 3 19 23 43 47 66 II. Taxation and Capital Flows Tax-Driven Regulatory Drag: European Financial Centers in the 1990s ..................... Richard M. Levich/ Ingo Walter Discussant ................................................... Harmen Lehment 75 99 Capital Outflow and Taxation -- The Case of the Federal Republic of Germany ................. Helmut Schlesinger Discussant ..................................................... Manfred Neumann Tax Evasion and Offshore Centres ................ Daniel Gros Discussant .................................................. Robert P. Hagemann Simulations of Global Effects of VAT Harmonization ............................................ .................................................................... Jacob A. Frenkel/ Assaf Razin/ Steven Symansky 101 110 113 128 133 III. The Harmonization Issue Capital Market Integration: Issues of International Taxation .......................... Assaf Razin/ 155 ...................................................... Efraim Sadka Discussant ....................................... Stefan Sinn 166 Is There a Need for Harmonizing Capital Income Taxes within EC Countries? A. Lans Bovenberg Vito Tanzi/ 171 198 206 209 Discussants ............................................................. Pascal Salin Horst Siebert On the Direction of Tax Harmonization in the European Community ........................................ Sijbren Cnossen IV. Restructuring Capital Income Taxation Reforming Capital Income Taxation: The UK Experience ................................................... John Odling-Smee/ David Lawton Discussant ................................................. Hans-Georg Petersen 231 253 Capital Income Taxation in the Federal Republic of Germany -- An Assessment from an Efficiency Perspective ....................................................... Dieter Schneider Discussant ............................................................. Manfred Rose Reform of Capital Income Taxation in the Federal Republic of Germany -- Policy Options ..................................................................... Alfred Boss Discussant ....................................................... Julian S. Alworth 259 274 281 294 List of Contributors ............................................................................297