The Resource And yet it moves : taxation and labor mobility in the twenty-first century
And yet it moves : taxation and labor mobility in the twenty-first century
Resource Information
The item And yet it moves : taxation and labor mobility in the twenty-first century represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item And yet it moves : taxation and labor mobility in the twenty-first century represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- A central premise of tax scholarship of the last thirty years has been the greater mobility of capital than labour. Recently, scholars such as Edward Kleinbard have recommended that the US adopt a variant of the "dual income tax" model used by the Scandinavian countries, under which income from capital is subject to significantly lower rates than labour income because of its supposedly greater mobility. This article argues that the premise upon which this argument is built is mistaken, because for individual US taxpayers (as opposed to corporations), there are significant limitations on their ability to avoid tax by moving their capital overseas. Moreover, if we focus on those taxpayers that pay the bulk of the income tax (i.e., the upper-middle class and the rich), the data suggest that their ability to legally avoid taxation by expatriation is not significantly lower than their ability to evade it by moving capital, and lower-income taxpayers are able to avoid both the income tax and the payroll tax (as well as any US VAT) by emigration. The article then develops the policy implications, suggesting that (contrary to recent legislative trends) income from labour and capital should be subject to the same tax rates, but that these rates should be congruent with the price the US population is willing to pay for public services
- Language
- eng
- Label
- And yet it moves : taxation and labor mobility in the twenty-first century
- Title
- And yet it moves : taxation and labor mobility in the twenty-first century
- Language
- eng
- Summary
- A central premise of tax scholarship of the last thirty years has been the greater mobility of capital than labour. Recently, scholars such as Edward Kleinbard have recommended that the US adopt a variant of the "dual income tax" model used by the Scandinavian countries, under which income from capital is subject to significantly lower rates than labour income because of its supposedly greater mobility. This article argues that the premise upon which this argument is built is mistaken, because for individual US taxpayers (as opposed to corporations), there are significant limitations on their ability to avoid tax by moving their capital overseas. Moreover, if we focus on those taxpayers that pay the bulk of the income tax (i.e., the upper-middle class and the rich), the data suggest that their ability to legally avoid taxation by expatriation is not significantly lower than their ability to evade it by moving capital, and lower-income taxpayers are able to avoid both the income tax and the payroll tax (as well as any US VAT) by emigration. The article then develops the policy implications, suggesting that (contrary to recent legislative trends) income from labour and capital should be subject to the same tax rates, but that these rates should be congruent with the price the US population is willing to pay for public services
- Citation source
- In: Tax law review. - New York. - Vol. 67 (2014),
- http://library.link/vocab/creatorName
- Avi-Yonah, R.S
- Geographic coverage
- North America
- Language note
- English
- http://library.link/vocab/subjectName
-
- labour law
- immigration
- expatriate
- investment income
- income tax
- Label
- And yet it moves : taxation and labor mobility in the twenty-first century
- Label
- And yet it moves : taxation and labor mobility in the twenty-first century
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/And-yet-it-moves--taxation-and-labor-mobility-in/3Q6hqyrOyB8/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/And-yet-it-moves--taxation-and-labor-mobility-in/3Q6hqyrOyB8/">And yet it moves : taxation and labor mobility in the twenty-first century</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
