Does globalisation reduce capital taxation? (5 papers… in 5 minutes)
Hippolyte d’Albis* and Agnès Bénassy-Quéré* This article was originally published in the May 2021 edition of the 5 papers…in 5 minutes. In high-income countries, corporate tax rates have been substantially reduced since the 1990s. One common explanation for this is the tax competition that states engage in order to attract foreign investment. Financial globalisation leads governments […]