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RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2012 - 4

digital RIVISTA INTERNAZIONALE  DI SCIENZE SOCIALI - 2012 - 4
Digital issue
journal RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI
issue 4 - 2012
title RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2012 - 4
publisher Vita e Pensiero
format Digital issue | Pdf

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Articoli

The discrepancy between ‘‘ideal’’ and ‘‘real world’’ international tax rules. What drives politicians when making the rules?
by Julia Braun pages: 28 € 6.00
Abstract
The current international tax system diverges greatly from a theoretically ‘‘optimal’’ tax system. One reason for this discrepancy may be that politicians strive for other objectives rather than making tax rules that comply with the theoretical concepts of optimal taxation. In this article, I overview the approaches used in the economic and legal literature to explain the motivations of policymakers involved in international taxation and contrast them with ‘real world’ observations. The article illustrates that the making of international tax policy is affected by various factors: the structure of the international tax system, domestic pressure groups, along with self-interested politicians and bureaucrats. Considering the complexity of the conditions under which international tax policy is made, it is not astonishing that international tax law deviates significantly from the principles characterizing ‘‘ideal’’ taxation.
Interest rate in an ‘‘econom-ethic’’ perspective
by Giuseppe Garofalo pages: 13 € 6.00
Abstract
The paper deals with the topic of interest rate, which has long been confused with usury and is determined by parsimony and the marginal product of capital or, as an alternative, by conventions. It will be shown how the return differentials and the ever changing relationship that financial capital establishes with industrial capital are determined, starting from the risk-free rate or benchmark. As far as the level of the interest rate is concerned, the risks connected with both a ‘‘high’’ and a ‘‘low’’ cost of money are outlined. After having demonstrated how interest rate is, on the one hand, a policy variable and, on the other, a determinant of investments and the output gap, it will be shown how his level affects income distribution, the area in which the dialogue between economics and ethics has been most fertile.
Distributional consequences of capital tax coordination
by Martin Zagler pages: 15 € 6.00
Abstract
Tax coordination is an important issue for Europe. This paper has two ambitions. First, we review the economic literature on tax coordination. Second, we argue that the taxation of capital is not an issue of efficiency, but instead an issue of equity. In particular, capital tax coordination can alter the vertical distribution of income between the production factors capital and labour. Capital is in perfectly elastic supply in a small open economy. Therefore the tax incidence falls to the immobile factor, labour. By contrast, capital is in inelastic supply at the international level, and therefore the capital tax incidence falls completely on capital, without welfare losses of taxation.

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What do we know about the link between growth and institutions?
by Marta Spreafico pages: 48 € 6.00
Abstract
The link between economic growth and institutions has been studied, theoretically and empirically, for more than ten years. The aim of this paper is to take stock of this literature in order to identify more precise and conscious directions for future research. First, we introduce the reference framework and raise some questions the literature should be able to answer. Then, we organise critically all the contributions so as to explain each result and the different paths undertaken. Finally, we conclude with several issues we believe deserve further attention.

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