2,818 research outputs found

    On the Sustainability of Partial Tax Harmonization among Asymmetric Countries

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    This paper investigates the conditions under which partial harmonization for capital taxation is sustained in a repeated interactions model of tax competition when there are three countries asymmetric in repect to their capital endowments. We show that regardless of the structure of the coalition (i.e., any group of asymmetric countries), whether partial tax harmonization is sustainable or not crucially depends on the capital endowment of the median country relative to those of the large and small countries. The most noteworthy finding is that the closer the capital endowment of the median country to the average capital endowment of the large and small countries, the less likely is the tax harmonization including the median country to prevail and the more likely is the partial tax harmonization excluding the median country to prevail

    Partial Tax Coordination in a Repeated Game Setting

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    This paper addresses the problem of partial tax coordination among regional or national sovereign governments in a repeated game setting. We show that partial tax coordination is more likely to prevail if the number of regions in a coalition subgroup is smaller and the number of existing regions in the entire economy is larger. We also show that under linear utility, partial tax coordination is more likely to prevail if the preference for a local public good is stronger. The main driving force for these results is the response of the intensity of tax competition. The increased (decreased) intensity of tax competition makes partial tax coordination more (less) sustainable.partial tax coordination, repeated game, tax competition

    Partial Harmonization of Corporate Taxes in an Asymmetric Repeated Game Setting

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    This paper investigates the conditions under which partial harmonization for capital taxation is sustained in a repeated interactions model of tax competition when there are three heterogenous countries with respect to their capital endowments. We show that regardless of the structure of the coalition (i.e., any group of countries), whether partial tax harmonization is sustainable or not crucially depends on the capital endowment of the median country relative to those of the large and small countries. The most noteworthy finding is that the closer the capital endowment of the median country to the average capital endowment of the large and small countries, the less likely is the tax harmonization including the median country to prevail and the more likely is the partial tax harmonization excluding the median country to prevail.tax coordination, asymmetric countries, repeated game, tax competition

    Three Dimensional Measurement Using Fisheye Stereo Vision

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    LiDAR survey of the fifth-century Tsukuriyama mounded tomb group in Japan

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    The authors present the results of a drone-based airborne LiDAR survey of the fifth century AD Tsukuriyama mounded tomb group in Okayama Prefecture, Japan, revealing the relationship between tomb building and the surrounding landscape during Japan's period of ancient state formation
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