Chapter 21

Tax Systems and Capital Mobility

M.P. Devereux and C. Fuest

Oxford University Centre for Business Taxation, Oxford, UK

Outline

Introduction: Implications of Globalization for Tax Systems

The main purpose of taxation is to raise revenue. But the adverse impact of taxation on economic efficiency and growth should be minimized and the distribution of the tax burden should be in line with principles of distributional justice. In addition, taxes may be used to discourage certain undesirable activities ...

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