Keen, Michael; Piekkola, Hannu - In: Scandinavian Journal of Economics 99 (1997) 3, pp. 447-61
In this paper, the authors reconcile and extend previous results on the collectively optimal taxation of international investment income. The 'weighted average' rule of T. Horst (1980), for example, is shown to rest on unattractive assumptions on the set of instruments available, ruling out any...