Combining Dutch Presumptive Capital Income Tax and Us Qualified Intermediaries to Set Forth a New System of International Savings Taxation

25 Pages Posted: 9 Dec 2004

See all articles by Marcel Gerard

Marcel Gerard

Facultes Universitaires Catholiques de Mons (FUCAM); CESifo (Center for Economic Studies and Ifo Institute)

Date Written: November 2004

Abstract

Beyond the traditional debates over information exchange vs flat taxation at source, legislative advances have produced interesting innovations and suggestions concerning how to tax international savings. We examine some of these advances, which we then use to set forth and investigate a proposal for European and international savings taxation. That proposition combines the outcome of a recent Dutch reform and lessons from the US qualified intermediaries mechanism. We show that such a system exhibits the same desirable properties as exchange of information, but potentially at reduced compliance cost, and is sustainable within a repeated game framework.

Keywords: European Union, international taxation, savings income

JEL Classification: H31, H73, H87

Suggested Citation

Gerard, Marcel, Combining Dutch Presumptive Capital Income Tax and Us Qualified Intermediaries to Set Forth a New System of International Savings Taxation (November 2004). CESifo Working Paper Series No. 1340. Available at SSRN: https://ssrn.com/abstract=632201

Marcel Gerard (Contact Author)

Facultes Universitaires Catholiques de Mons (FUCAM) ( email )

Chaussee de Binche, 151
Mons 7000
Belgium

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

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