In the increasingly global economy, domestic tax policies have taken
on a new importance for international economics. This unique volume
compares the tax reform experiences of Canada and the United States,
two countries with the world's largest bilateral flow of trade and
investment. With the signing of the U.S.-Canada Free Trade Agreement
and the tax reforms of the 1980s, there has been some harmonization of
tax systems. But geographic, cultural, and political characteristics
shape distinct national social policies that may impede harmonization.
As the U.S. and Canadian economies become even more integrated,
differences in tax systems will have important effects, in particular
on the relative rates of economic growth. In this timely study,
scholars from both countries show that, while the United States and
Canada exhibit similar corporate tax structures and income tax
systems, they have very different approaches to sales tax and social
security taxes. Despite these differences, the two countries generate
roughly the same amounts of revenue, produce similar costs of capital,
and produce comparable distributions of income.
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Produktdetaljer
ISBN
9780226754826
Publisert
2018
Utgave
1. utgave
Utgiver
Vendor
University of Chicago Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter