English, Article, Journal or magazine article edition: Labour Market - Tax Policy in the EMU French-German Economic Forum

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/159742
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Labour Market - Tax Policy in the EMU
Author
  • French-German Economic Forum
Physical Description
  • preprint
Notes
  • The discussion was based on two presentations: EMU and the Labour Market - A Speculative Assessment , by Karl-Heinz Paque and Otto von Guericke; Tax Competition in the European Monetary Union: Present and Prospects, by Jacques LE CACHEUX . EMU and the Labour Market - A Speculative Assessment The transition from the European Monetary System (EMS) to the European Monetary Union (EMU) is a big historical event. For economists, big historical events are extremely hard to assess. This is so for two reasons: First, big historical events are rare, and rare events have few if any precedents that could be used as empirical standards of comparison to make reasonably accurate predictions about the likely effects and consequences of the historical change under consideration. Second, big historical events are revolutionary in the sense that they may change many fundamentals of life so that it becomes difficult to set up a counterfactual scenario which can serve as a reasonable yardstick for history's 'normal' path. Hence much of what an economist can say about big historical events is a theoretically based and empirically enriched speculation. This is how this (non-technical) paper should be understood. Tax competition arises as soon as economic and financial openness is sufficient for tax bases to migrate across jurisdictional boundaries. Whereas the completion of the Single European Market had raised fears that it may lead to enhanced tax competition amongst national governments of member states, the evidence suggests that it has been limited to some aspects of national taxation, such as taxes on income and capital gains from individuals' financial asset holdings. However, with the full monetary integration in the European Union, it is likely that competition will strengthen, which may lead to more severe tax competition, in particular on business taxation in order to attract firms or provide existing ones with a competitive advantage.
  • Labour market; Monetary integration; Tax competition; EMU
  • RePEc:cii:cepidt:1999-02
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment