The general theory of tax avoidance¶
STIGLITZ, J. E. (1985). The general theory of tax avoidance. National Tax Journal, 38(3), 325-337.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Arbitrage (Finance)
- Stiglitz (1985) develops a general theory of tax avoidance, identifying three foundational principles—deferral of taxation, asymmetric treatment of income and deductions across taxpayers, and tax-arbitrage opportunities created by differential rates across instruments and jurisdictions—that together generate the structural opening for jurisdictional arbitrage.
This sourceIdentifies three basic principles of tax avoidance—postponement/deferral of taxation, tax arbitrage across taxpayers facing different rates (asymmetric treatment of income and deductions), and rate differentials across income classes and instruments—that together create the opening for jurisdictional and regulatory tax arbitrage.
- Stiglitz (1985) develops a general theory of tax avoidance, identifying three foundational principles—deferral of taxation, asymmetric treatment of income and deductions across taxpayers, and tax-arbitrage opportunities created by differential rates across instruments and jurisdictions—that together generate the structural opening for jurisdictional arbitrage.
- Arbitrage (Generalized)
- Tax arbitrage represents a canonical form: as Stiglitz (1985) develops in his general theory of tax avoidance, optimal tax planning systematically exploits differential rates and rules across taxpayers, asset classes, and time periods, with multinational corporations using transfer pricing, intellectual-property shells, and debt structuring to shift profits to low-tax jurisdictions.
This source(Reprinted/discussed in Journal of Economic Perspectives-style policy literature.) Identifies three structural sources of tax arbitrage—deferral, asymmetric treatment of income and deductions across taxpayers, and rate differentials across instruments and jurisdictions—that together create the opening for jurisdictional and regulatory tax arbitrage.
Supported in partVerified against the work's full text
Surviving fragments show Stiglitz treating tax arbitrage across taxpayers and time, but he states he excludes corporation tax, so the multinational profit-shifting half is not his.
“"arbitrage" by individuals across different marginal tax rates they face at dif-”
- Tax arbitrage represents a canonical form: as Stiglitz (1985) develops in his general theory of tax avoidance, optimal tax planning systematically exploits differential rates and rules across taxpayers, asset classes, and time periods, with multinational corporations using transfer pricing, intellectual-property shells, and debt structuring to shift profits to low-tax jurisdictions.
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