Public Finance, 4th Edition

Chapter 29: International Public Finance

1. The Taxation of Mobile Capital 
   1. Preliminaries: Normative Foundations 
   2. The ZMW Model 
   3. Utility Maximization—Small Country Assumption With ρ Constant 
   4. Fiscal Externalities 
   5. Utility Maximization—The Large Country Case With ρ Variable 
      1. Reaction Functions 
2. Summary 
3. Multinational Enterprises 
   1. Tax Avoidance 
   2. Firms’ Perspective 
4. A Destination-Based Cash Flow Tax 
5. Concluding Observations 
6. References 

Analysis of the international implications of public expenditure and tax policies began in earnest in the mid-1980s and has since become a major line of research in public sector economics. This is hardly surprising given the increasing globalization of the world’s economies ...