Globalization, Tax Competition and the Future of Tax Systems

IMF Working Papers, December 1, 1996

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Globalization, Tax Competition and the Future of Tax Systems

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Bibliographic details

• Authors: Vito Tanzi
• Published: December 1, 1996
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781451928280.001

Summary and purpose

• This paper discusses the implications for tax systems of globalization of capital markets and of economies.
• It shows the extent to which particular taxes are affected by the globalization process.
• It speculates on future developments in this area and on tax competition.

Key subjects and keywords

• Subject areas: Competition, Corporate income tax, Financial markets, Income and capital gains taxes, Income tax systems, Revenue administration, Taxes
• Keywords: closed economy, Competition, Corporate income tax, country, enterprise, enterprise's branch, Global, Income and capital gains taxes, Income tax systems, intra-firm trade, multinational enterprise, net effect, tax authorities, tax competition, tax rate, tax-haven country, WP

Core findings and analytical focus

• Examines how globalization of capital markets and economies affects tax systems.
• Identifies which particular taxes are impacted by globalization.
• Analyzes interactions between multinational enterprises, intra-firm trade, and tax authorities in the context of tax competition.
• Considers net effects of tax competition and the role of tax-haven countries.

Speculations and future-oriented analysis

• Offers speculation on future developments in tax systems as globalization progresses.
• Explores scenarios of increasing tax competition among countries and implications for tax policy and administration.

Access and formats

• This working paper is part of IMF Working Papers and is available in multiple formats via the IMF eLibrary.
• Citation example (Chicago format) provided on the source page.

Vito Tanzi, "Globalization, Tax Competition and the Future of Tax Systems", IMF Working Papers 1996, 141 (1996).