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21. Global Markets, National Tax Systems, and Domestic Politics: Rebalancing Efficiency and Equity in Open States' Income Taxation

Author:
Steffen Ganghof
Publication Date:
09-2001
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
Competitive pressure on some capital income tax rates reinforces a generic "quadrilemma" or a four-way tradeoff in domestic income taxation. To maintain competitiveness, governments have to cut some tax rates on capital income down to "international standards." If these cuts lead to a de-alignment of different rates on capital income, domestic allocation becomes more inefficient, all else being equal. Cutting all tax rates on capital income to a uniform low level, while maintaining high and progressive tax rates on labor incomes, avoids this inefficiency, but sacrifices comprehensive income taxation, that is, joint and equal taxation of capital and labor incomes. Finally, reducing all income tax rates to international standards, including top rates on labor income, implies a strong significant reduction in the progressiveness of labor income taxation (and/or significant revenue losses). As a result, governments that aim at all four goals” competitiveness, allocative efficiency, horizontal equity (comprehensive income taxation) and progressivity – and want to maintain a given revenue level cannot avoid seriously compromising one of them. This paper analyzes how this income tax quadrilemma has played out in seven OECD countries: Australia, Denmark, Finland, Germany, New Zealand, Norway, and Sweden. Combining the results of this matched comparison with exploratory data analysis for all OECD countries, the paper discusses the general implications of the quadrilemma for the domestic political economy of tax competition and the future of "domestic compensation" in open states.
Topic:
Economics, International Trade and Finance, and Political Economy
Political Geography:
Finland, Norway, Denmark, Georgia, Australia, Sweden, and New Zealand

22. EastWest Challenges: Energy and Security in the Caucasus and Central Asia

Publication Date:
05-1999
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
The newly independent states of the region – Armenia, Azerbaijan and Georgia in the south Caucasus and Kazakstan, Kyrgyzstan, Tajikistan, Turkemistan and Uzbekistan in Central Asia – face the challenges of transition to full statehood and pluralist market economies while negotiating the presence of large oil and gas reserves. The complex relationship between external and internal challenges continues to unfold.
Topic:
Security, Economics, and International Trade and Finance
Political Geography:
Central Asia, Tajikistan, Uzbekistan, Armenia, and Georgia

23. EARLY RESPONSES TO EARLY CONFLICT WARNINGS IN THE CAUCASUS

Publication Date:
03-1999
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
Over the past decade the South Caucasus region has faced bloody internal conflicts in Nagorno-Karabakh, Abkhazia and to a lesser extent South Ossetia. It continues to display potential for instability as Armenia, Azerbaijan and Georgia exhibit the combined characteristics of war-torn societies and countries in transition. Given the geostrategic importance of the Caucasus and the strong interests of regional and international powers—particularly in the potential energy output—renewed armed confrontations would have serious economic, political and security implications across national borders. Moreover, spill-over into other volatile zones could bring about the open intervention of powerful neighbors, such as Iran, Iraq, Russia and Turkey, and could threaten larger peace and security arrangements.
Topic:
Security, Economics, and Peace Studies
Political Geography:
Russia, Iraq, Iran, Turkey, Asia, Armenia, Azerbaijan, Georgia, and Abkhazia

24. Russia's Shrinking Role in the South

Publication Date:
03-1999
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
The perception that the disintegration of the Soviet Union constituted a major challenge to Russia's security is of a political and psychological, rather than an economic nature. The countries of the Caucasus and Central Asia—Georgia, Armenia, Azerbaijan, Kazakhstan, Turkmenistan, Uzbekistan, Kyrgyzstan, and Tajikistan—are neither an irreplaceable resource base for the Russian economy nor the only available market for its non-competitive products. Any efforts to see it otherwise will induce the region to strengthen its economic and military security with the help of outside powers as a buffer against Russia's ambitions for greater control.
Topic:
Security and Economics
Political Geography:
Russia, Europe, Kazakhstan, Asia, Kyrgyzstan, Tajikistan, Uzbekistan, Soviet Union, Armenia, Azerbaijan, Georgia, and Angola

25. Conference for Global Development Cooperation

Author:
Jimmy Carter
Publication Date:
12-1992
Content Type:
Working Paper
Institution:
The Carter Center
Abstract:
The Conference for Global Development Cooperation, convened by former President Jimmy Carter and United Nations Secretary-General Boutros Boutros-Ghali, was held at The Carter Center in Atlanta, Georgia on December 4 and 5, 1992.
Topic:
Economics, Government, International Cooperation, International Political Economy, and Third World
Political Geography:
United Nations and Georgia