IDEAS home Printed from https://ideas.repec.org/p/imf/imfwpa/2000-040.html
   My bibliography  Save this paper

Retarding Short-Term Capital Inflows Through withholding Tax

Author

Listed:
  • Mr. Howell H Zee

Abstract

This paper proposes a price-based measure to mitigate the destabilizing impact of the volatility of global capital movements on the domestic economy of a country pursuing sound economic policies. The measure is a withholding tax on all private capital inflows, with a credit and refund provision that operates within the administrative framework of the existing domestic tax system to relieve noncapital inflows from the tax. This withholding tax, which is substantially more difficult to evade than the much-discussed alternative of imposing non-remunerated reserve requirements, can be implemented with little additional costs to the taxpayers and the tax authorities.

Suggested Citation

  • Mr. Howell H Zee, 2000. "Retarding Short-Term Capital Inflows Through withholding Tax," IMF Working Papers 2000/040, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:2000/040
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=3479
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ilene Grabel, 2003. "The Revenue and Double Dividend Potential of Taxes on International Private Capital Flows and Securities Transactions," WIDER Working Paper Series DP2003-83, World Institute for Development Economic Research (UNU-WIDER).
    2. Yap, Josef T., 2000. "Managing Capital Flows to Developing Economies: Issues and Policies," Discussion Papers DP 2000-41, Philippine Institute for Development Studies.
    3. Raghbendra Jha, 2004. "Innovative Sources of Development Finance: Global Cooperation in the Twenty‐first Century," The World Economy, Wiley Blackwell, vol. 27(2), pages 193-214, February.
    4. Valpy Fitzgerald, 2002. "International Tax Co-operation and Capital Mobility," Oxford Development Studies, Taylor & Francis Journals, vol. 30(3), pages 251-266.

    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:imf:imfwpa:2000/040. 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: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    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.