Savings Incentives

Savings Incentives

Author: United States. Congress. Senate. Committee on Finance. Subcommittee on Savings, Pensions, and Investment Policy

Publisher:

Published: 1981

Total Pages: 536

ISBN-13:

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Tax Incentives and International Capital Flows

Tax Incentives and International Capital Flows

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1989-01-01

Total Pages: 64

ISBN-13: 1451929501

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This paper explores how the tax treatment of investment and savings affects international capital flows as well as national and global welfare. Focusing on portfolio investment, it evaluates the international effects of capital income taxes in the United States and Japan. During the 1980s, these taxes encouraged capital flows to the United States both by favoring investment in that country and by harming the country’s relative savings performance. The paper concludes that the internationalization of financial markets calls for a careful study of the international implications of domestic tax policies.