Optimal tax on capital inflows discriminated by debt-risk profile

被引：0
|
作者：
Julian A. Parra-Polania
Carmiña O. Vargas
机构：
[1] Banco de la República (Colombian Central Bank),
来源：
International Tax and Public Finance | 2015年 / 22卷
关键词：
Optimal tax; Capital flows; Externalities; Financial constraint; H23; D62; F34;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
In this study, the optimal value of a tax on capital inflows is estimated so that private agents internalize the social costs of their borrowing decisions in an economy with financial constraints. A key feature of our model is that we provide a theoretical foundation to tax level differentiation by asset volatility. Using Colombian data for the 1996–2011 period (which includes the crisis of 1998–1999), we find the tax would be around 1.2 %.
引用
收藏
页码：102 / 119
页数：17
相关论文
共 50 条
12345