New room to maneuver? National tax policy under increasing financial transparency

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

Authors

Why have Organisation for Economic Co-operation and Development (OECD) governments raised taxes on dividends at the shareholder level since 2008? Previous research points to the importance of budget deficits and voter demand for compensatory fairness in the aftermath of the financial crisis. We complement this literature by showing that the effect of domestic drivers of tax increases on capital income crucially depends on the level of financial transparency in a country's investment network. Low financial transparency increases the risk of capital flight in response to a tax hike, whereas high financial transparency reduces this risk. Hence, governments facing fiscal pressure become more likely to raise taxes on capital income when transparency is high. To substantiate our argument, we construct an original indicator of financial transparency in countries' investment networks, which we utilize in a regression analysis of tax reforms by 204 cabinets in 35 OECD countries between 2001 and 2018.

OriginalspracheEnglisch
ZeitschriftSocio-Economic Review
Jahrgang20
Ausgabenummer2
Seiten (von - bis)561-583
Anzahl der Seiten23
ISSN1475-1461
DOIs
PublikationsstatusErschienen - 01.04.2022
Extern publiziertJa

Bibliographische Notiz

Publisher Copyright:
© The Author(s) 2020.

DOI

Zuletzt angesehen

Publikationen

  1. Weiterbildung im Bereich AAL – Vom Handwerksmeister zum AAL-Berater in 360 Stunden
  2. Machina ex artificium. Zur Maschinenästhetik im künstlerischen Werk Ralf Baeckers.
  3. Ontdek de elementen. De ontwikkeling van het periodiek systeem volgens Mendelejew
  4. Cyclical absenteeism among private sector, public sector and self-employed workers
  5. Zwei Streitschriften über Produktion und Legitimation ökonomischer Ungleichheit
  6. More losses than gains during one century of plant biodiversity change in Germany
  7. A New Model of Higher Education in the European Context - The Leuphana Experience
  8. Rezension: Christoph Wulf (Hg.): Anthropologisches Denken in der Pädagogik 1750 - 1850
  9. Katja Siekmann (Hrsg.) Theorie, Empirie und Praxis effektiver Rechtschreibdiagnostik
  10. Tropical forests in the Americas are changing too slowly to track climate change
  11. Vertrag über die Europäische Union (EUV) : Artikel 19 [Internationale Organisationen]
  12. The Increasing Involvement of Accountants in Corporate Sustainability Management
  13. The sensitivity of lizards to elevation: A case study from south-eastern Australia
  14. How leaders’ diversity beliefs alter the impact of faultlines on team functioning
  15. Forschendes Lernen als Beispiel eines inklusiven Ansatzes für den Fachunterricht
  16. Spannungsfelder in Familienunternehmen: Paradoxiemanagement zur Konfliktprävention
  17. Determinants of farm size and stocking rate in Namibian commercial cattle farming
  18. Information und Auswahl von Studierenden als zentraler Faktor für Studienqualität
  19. Corporate Governance Reporting des Aufsichts-/Verwaltungsrats zur Internen Revision
  20. Chemical surface alteration of biodegradable magnesium exposed to corrosion media
  21. Does managed care reduce health care expenditure? Evidence from spatial panel data
  22. Telomere length is a strong predictor of foraging behavior in a long-lived seabird
  23. Notwendige Maßnahmen zur Integration von Gender-Aspekten in gestufte Studiengänge
  24. An empirical comparison of different implicit measures to predict consumer choice