Globalization, Tax Competition and the Fiscal Crisis of the Welfare State

@article{AviYonah2000GlobalizationTC,
  title={Globalization, Tax Competition and the Fiscal Crisis of the Welfare State},
  author={R. Avi-Yonah},
  journal={Harvard Law Review},
  year={2000},
  volume={113},
  pages={1573-1676}
}
The current age of globalization can be distinguished from the previous one (from 1870 to 1914) by the much higher mobility of capital than labor (in the previous age, before immigration restrictions, labor was at least as mobile as capital). This increased mobility is the result of technological changes (the ability to move funds electronically) and the relaxation of exchange controls. The mobility of capital is linked to tax competition, in which sovereign countries lower their tax rates on… Expand
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References

Bond & Larry Samuelson , Strategic Behaviour and the Rules for International Taxation of Capital , 99 ECON
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