IDEAS home Printed from https://ideas.repec.org/p/zbw/swpcom/182004.html
   My bibliography  Save this paper

A global tax on interest income? Exemptions for foreign investors distort markets

Author

Listed:
  • Dieter, Heribert

Abstract

Liberalization of international capital transactions has increased the options available to investors. Today the local bank is no longer the only place to keep money; savers can choose between a wealth of options in international financial markets. One side-effect of the internationalization of capital flows has frequently been tax evasion, where interest income is often not reported to the tax authorities at home. The European Union responded to this development in June 2004 by issuing a directive on EU-wide taxation of interest income. This model could be applied globally. It would make tax evasion more difficult, strengthen the financial markets in newly industrializing countries, and open up a new source of funding for development projects. (SWP Comments / SWP)

Suggested Citation

  • Dieter, Heribert, 2004. "A global tax on interest income? Exemptions for foreign investors distort markets," SWP Comments 18/2004, Stiftung Wissenschaft und Politik (SWP), German Institute for International and Security Affairs.
    • Handle: RePEc:zbw:swpcom:182004
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/255912/1/2004C18.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:swpcom:182004. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://www.swp-berlin.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.