Capital and Consumption Tax Reforms in a Small Open Economy

Chao, Chi-Chur and Yu, Eden S.H 2014, Capital and Consumption Tax Reforms in a Small Open Economy, Review of International Economics, vol. 22, no. 1, pp. 1-12, doi: 10.1111/roie.12093.

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Title Capital and Consumption Tax Reforms in a Small Open Economy
Author(s) Chao, Chi-ChurORCID iD for Chao, Chi-Chur
Yu, Eden S.H
Journal name Review of International Economics
Volume number 22
Issue number 1
Start page 1
End page 12
Total pages 12
Publisher Wiley-Blackwell Publishing
Place of publication Chichester, UK
Publication date 2014
ISSN 0965-7576
Keyword(s) Capital tax reforms
Consumtion tax reforms
Small open economy
Summary The effects of a reform in capital and consumption taxes on private welfare and government tax revenue are examined for a small open, capital-importing economy. A trade-off between private welfare and tax revenue is encountered in maximizing social welfare. Nonetheless, lowering capital taxes and raising consumption taxes can increase both private welfare and tax revenue if the initial tax rates are not optimal. In addition, a tax reform by this fashion is a likely response to a rise in the foreign rate of return on capital.
Language eng
DOI 10.1111/roie.12093
Field of Research 140210 International Economics and International Finance
Socio Economic Objective 910303 Trade Policy
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2014, Wiley
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Document type: Journal Article
Collections: Faculty of Business and Law
Deakin Business School
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