Taxation in a Globalized World

Due to technological change, the opening of borders, and increased economic integration, the financial costs of relocating businesses and factors of production, moving residences, changing jobs, and transporting goods and services across borders pose new challenges for countries and subnational governments seeking to implement redistributive policies. This increasing mobility across borders implies that redistributive policies may amplify interjurisdictional fiscal externalities. In this article, we selectively review the literature relating to redistributive policy in an open economy setting. We then consider some of the implications of globalization for policy design, both within federal systems and across countries. Although globalization poses new challenges for fiscal systems, it does not necessarily imply that redistributive policy becomes untenable and possibly enhances the need for redistribution.

鉴于技术变革、边界开放以及经济一体化的增强，企业及生产要素的搬迁、居住地变更、职业变动以及跨境商品和服务运输的财务成本，对寻求实施再分配政策的各国及地方政权构成了新的挑战。这种跨境流动性的提升意味着再分配政策可能加剧跨区域财政外部性。在本文中，我们选取性地回顾了开放经济环境下与再分配政策相关的文献。随后，我们探讨了全球化对政策设计的影响，包括在联邦体系内以及国家间的政策设计。尽管全球化为财政体系带来了新的挑战，但这并不必然意味着再分配政策变得不可行，反而可能增强了再分配的需求。