Mercados globales de capitales, impuestos directos y redistribución de la renta

Abstract

The aim of this paper is to analyze fiscal policy that can be adopted by developing countries in a context of globalization of capital markets. First we analyze the neoclassical theories that advocate the elimination of taxes on capital and then a critical review of the assumptions used. Then we analyze the possibilities to develop international coordination aimed at allowing a tax on income that is basic to enable redistributive policies. And then we analyze the institutional constraints that can generate this cooperation. We conclude that there are theoretical and practical reasons for the imposition of taxes on capital income.