Tax Incentives and International Capital Flows : The Case of the United States and Japan.

This paper explores how the tax treatment of investment and savings affects international capital flows as well as national and global welfare. Focusing on portfolio investment, it evaluates the international effects of capital income taxes in the United States and Japan. During the 1980s, these tax...

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Bibliografske podrobnosti
Korporativna značnica: International Monetary Fund
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1989.
Serija:IMF Working Papers; Working Paper ; No. 1989/005
Online dostop:Full text available on IMF
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245 1 0 |a Tax Incentives and International Capital Flows :   |b The Case of the United States and Japan. 
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300 |a 1 online resource (64 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper explores how the tax treatment of investment and savings affects international capital flows as well as national and global welfare. Focusing on portfolio investment, it evaluates the international effects of capital income taxes in the United States and Japan. During the 1980s, these taxes encouraged capital flows to the United States both by favoring investment in that country and by harming the country's relative savings performance. The paper concludes that the internationalization of financial markets calls for a careful study of the international implications of domestic tax policies. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1989/005 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1989/005/001.1989.issue-005-en.xml  |z IMF e-Library