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Rethinking the Division of Tax Room in Fiscal Federalism.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Rethinking the Division of Tax Room in Fiscal Federalism./
Author:	Gillis, Rory Alexander Profit.
Description:	1 online resource (339 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 83-06, Section: A.
Contained By:	Dissertations Abstracts International83-06A.
Subject:	Law. -
Online resource:	click for full text (PQDT)
ISBN:	9798496550949

Rethinking the Division of Tax Room in Fiscal Federalism.
Gillis, Rory Alexander Profit.

Rethinking the Division of Tax Room in Fiscal Federalism. - 1 online resource (339 pages)

Source: Dissertations Abstracts International, Volume: 83-06, Section: A.

Thesis (S.J.D.)--University of Toronto (Canada), 2021.

Includes bibliographical references

The division of tax room for shared tax bases, such as income taxation in Canada and the United States, is a frequent cause of political conflict between national and sub-national governments. Economists and legal scholars have developed a normative theory that sets out an optimal division of tax room, but federal nations often substantially depart from this prescription by allocating too much or too little tax room to national governments. This thesis argues that the divergence between the normative theory and actual practice can be partially explained by three incentive problems that afflict the division of tax room: 1) a "credit assignment" problem; 2) a contract enforcement problem; and 3) a vertical tax competition problem. In combination, these problems produce an incentive structure that discourages the optimal division of room and invites high levels of political conflict. To illustrate, this thesis develops a model of tax room allocation, which it then applies to the four oldest constitutional federations: the United States, Switzerland, Canada, and Australia. The thesis argues that law can be used to improve the allocation of tax room in two ways. First, a number of non-tax legal doctrines, including rules addressing conditional grants, concurrent expenditure jurisdiction, direct cash transfers to individuals, and parliamentary sovereignty, should be revised to encourage consensual and welfare-maximizing exchanges of tax room between national and sub-national governments. Second, when consensual exchanges fail, law should be used to regulate vertical tax competition, so that the competitive process tends toward welfare-maximizing outcomes. This thesis examines a number of competition-regulating measures, including intergovernmental anti-discrimination rules and conflict-of-law rules. The thesis concludes by briefly considering whether and how these approaches can be applied to two other contexts in which vertical relationships are relevant: regional-local tax room allocation and international tax room allocation.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798496550949Subjects--Topical Terms:

671705
Law.
Subjects--Index Terms:

FederalismIndex Terms--Genre/Form:

554714
Electronic books.

Rethinking the Division of Tax Room in Fiscal Federalism.
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502 $a Thesis (S.J.D.)--University of Toronto (Canada), 2021.
504 $a Includes bibliographical references
520 $a The division of tax room for shared tax bases, such as income taxation in Canada and the United States, is a frequent cause of political conflict between national and sub-national governments. Economists and legal scholars have developed a normative theory that sets out an optimal division of tax room, but federal nations often substantially depart from this prescription by allocating too much or too little tax room to national governments. This thesis argues that the divergence between the normative theory and actual practice can be partially explained by three incentive problems that afflict the division of tax room: 1) a "credit assignment" problem; 2) a contract enforcement problem; and 3) a vertical tax competition problem. In combination, these problems produce an incentive structure that discourages the optimal division of room and invites high levels of political conflict. To illustrate, this thesis develops a model of tax room allocation, which it then applies to the four oldest constitutional federations: the United States, Switzerland, Canada, and Australia. The thesis argues that law can be used to improve the allocation of tax room in two ways. First, a number of non-tax legal doctrines, including rules addressing conditional grants, concurrent expenditure jurisdiction, direct cash transfers to individuals, and parliamentary sovereignty, should be revised to encourage consensual and welfare-maximizing exchanges of tax room between national and sub-national governments. Second, when consensual exchanges fail, law should be used to regulate vertical tax competition, so that the competitive process tends toward welfare-maximizing outcomes. This thesis examines a number of competition-regulating measures, including intergovernmental anti-discrimination rules and conflict-of-law rules. The thesis concludes by briefly considering whether and how these approaches can be applied to two other contexts in which vertical relationships are relevant: regional-local tax room allocation and international tax room allocation.
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653 $a Federalism
653 $a Fiscal federalism
653 $a Tax competition
653 $a Tax room
653 $a Taxation
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