Taxation of international capital flows : the intertemporal terms of trade and the real price of oil (English)

The question of whether oil importing countries should tax interest payments to Organization of Petroleum Exporting Countries (OPEC) to exploit collective monopoly power in the world capital market is examined. OPEC sets the discounted future oil price equal to the current one, with marginal extraction costs assumed to be zero. The paper shows that, under those circumstances, a tax on interest payments to OPEC is not necessarily welfare improving...

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Author

Van Wijnbergen,Sweder;
Document Date
1983/10/01
Document Type
Departmental Working Paper
Report Number
DRD60
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Taxation of international capital flows : the intertemporal terms of trade and the real price of oil
Keywords
tax on interest payment

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Citation

Van Wijnbergen,Sweder.

Taxation of international capital flows : the intertemporal terms of trade and the real price of oil (English). Development Research Department discussion paper ; no. DRD 60 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/636381468168577096

Taxation of international capital flows : the intertemporal terms of trade and the real price of oil (English)

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