This paper reviews potential advantages and disadvantages of capital tax competition. Tax
competition may introduce, mitigate, or exacerbate inefficiencies in both the private sector …

This paper evaluates the impact of globalisation on tax bases of countries at varying stages
of development. We see globalisation as a process that induces countries to embrace …

The decentralization of fiscal authority to lower level jurisdictions contributes to the efficient
delivery of public services, but conflicts with national objectives. This paper argues that the …

IEA Benefits Tax bk.indb Page 1 The Benefits of Tax Competition Page 2 The Benefits of
Tax Competition RICHARD TEATHER The Institute of Economic Affairs Page 3 First …

We show that, in a setting where tax competition promotes efficiency, variation in the extent
to which firms can use public goods to reduce costs brings about a reduction in the intensity …

In attempting to promote economic development, states often pursue either a race-to-the-
bottom approach focused on lowering business costs or a more investment-based, race-to …

The standard tax theory result that investment should not be distorted is based on the
assumption that profits are locally bound. In this paper, we analyze the optimal tax policy in a …

We introduce a labor market imperfection into the capital tax competition literature to study
the equilibrium tax formulae and their efficiency in the presence of unemployment. Since we …

This paper focuses on the links between firms' mobility and the shaping of regional policy,
with a particular focus on tax and infrastructure policy decisions. We survey the recent …

A two-region economy consists of a given but different number of immobile workers in each
region, and a given number of mobile firms. Firms create jobs where they locate, but there is …