Funding the Welfare State
Globalization and the Taxation of Business in Advanced Market Economies
Bibliographic Data
| ID | 6344716 |
|---|---|
| Authors | Duane Swank (Marquette University, corresponding author) |
| Year | 1998 |
| Volume | 46 |
| Issue | 4 |
| Pages | 671-692 |
| Publication date | 1998-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Political Studies (JOURNAL) |
| Journal identifiers | ISSN: 0032-3217 • E-ISSN: 1467-9248 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1111/1467-9248.00161 |
| OpenAlex | W2027555893 |
| Language | EN |
| Citations received | 161 |
Theorists assert that international capital mobility creates substantial pressure for all democratically elected governments to decrease tax burdens on business. I explicate and critique the general version of this theory and offer an alternative view. Empirically, I explore whether or not the globalization of capital markets has resulted in decreases in business social security, payroll, and profit taxes. I also investigate whether or not capital mobility has intensified government responsiveness to domestic investment and profitability. Evidence suggests that business tax burdens have not been reduced in the face of rises in capital mobility nor is tax responsiveness to profitability and domestic investment intensified by more open capital markets. To the contrary, analyses indicate that business taxation has become subject to new ‘market conforming’ policy rules that developed in tandem with liberalization of markets. These new policy orientations reduce the economic management roles of business taxation while leaving the revenue-generating roles intact. In conclusion, I discuss the implications of the findings for questions concerning the structural power of internationally mobile capital, redistributive policies, and the autonomy of democratically elected governments in a global economy
Capital market · Economics · Globalization · Market economy · Corporate Taxation and Avoidance · Finance · Local Government Finance and Decentralization · Taxation and Compliance Studies
States in the Global Economy
Governing Europe
Trajectories of neighborhood change
Globalization of Capital and National Policymaking
Global Capital and National Governments
The Politics of the Euro-Zone
A spatial model incorporating dynamic, endogenous network interdependence
Globalization and the Welfare State
The Changing European State
Contentious Politics in Western Europe and the United States
Shrinking States? Globalization and National Autonomy
On Studying Governments
Contagion, Common Exposure, and Selection
Der Wohlfahrtsstaat im Steuerwettbewerb
Labour Market Regimes Under Threat? Sources of Continuity in Germany, Britain, and Sweden
Recasting European Welfare States
Partisan Competition and Welfare State Retrenchment
Is the state being ‘transformed’ by globalisation?
Introduction
Values and Discourse in the Politics of Adjustment
What Is New About Governance and Why Does It Matter?
Round Up the Usual Suspects!
Jobs with Equality
Post‐Industrial Pressures on the Mature Welfare States
Welfare and Work in the Open Economy Volume I
The Political Economy of Social Pacts
Comparing Economic Interest Organizations
The Futures of European Capitalism
Globalisation and social security expansion in East Asia
Economic Changes, Vulnerabilities, and Institutional Capabilities
Withering welfare? Globalisation, political economic institutions, and contemporary welfare states
Disappearing taxes or the ‘race to the middle’? Fiscal policy in the OECD
New regimes, new capacities
The New Politics of the Welfare State
The Comparative Political Economy of Pension Reform
Political Institutions, Veto Points, and the Process of Welfare State Adaptation
Tax policy in an era of internationalization
Comparative Institutional Advantages of Welfare State Regimes and New Coalitions in Welfare State Reforms
The Dynamics of Welfare State Expansion
Welfare State and Production Regimes in the Era of Retrenchment
Political Institutions and Welfare State Restructuring
France
Who Pays for Health Care Reform?
Introduction
Coping With Permanent Austerity Welfare State Restructuring in Affluent Democracies
International Migration, Deindustrialization and Union Decline in 16 Affluent OECD Countries, 1962-1997
Labor Taxation and the Uneven Growth of Wage Inequality
Globalization and government spending around the world
The Freedom of the State? Recent NDP Governments and a Reply to the Globalization Sceptics
Trade, Growth, Poverty, and Politics
The State
The Clear and Present Danger of the `Globaloney' Industry
Globalization, Tax Reform Ideals and Social Policy Financing
Globalization and Social Policy
Mobile capital, democratic institutions, and the public economy in advanced industrial societies
Do Party Governments Matter After All? Executive Ideology, Constitutional Structures and their Combined Effect on Welfare State Change
The future of the European “social model” in the global economy
The welfare state and globalisation
Globalisation, ‘EU-Isation’ and the Space for Social Democratic Alternatives
New Labour in the Global Economy
Secondary observer effects
Imaginary capital migration and the competitive politics of corporate taxation
Globalisation Makes of States What States Make of It
An Historical Materialist Appraisal of Friedrich List and his Modern-Day Followers
Do Asia and Pacific countries compete in corporate tax rates
The viability of advanced welfare states in the international economy. Vulnerabilities and options
The Return of the State
Regulatory competition as a social fact
Competing for capitals
Common trajectories, variable paces, divergent outcomes? Models of European capitalism under conditions of complex economic interdependence
Defining the boundaries of legitimate state practice
Creative destruction? After the crisis
Offshore Strategies in Global Political Economy
Nafta and the Reconstruction of U.S. Hegemony
Globalization, Integration, and the European Welfare State
The global financial crisis and neighborhood decline
Capital Account Liberalization
Pressures on State Welfare in Post‐industrial Societies
Operationalizing Iraqi freedom
Under pressure
The State of European Union Social Policy
Does economic globalization affect government spending? A meta-analysis
Tax policies in a globalized world
The local structure of the welfare state
Does Government Partisanship Influence Multinational Corporations’ Tax Payments in the United States
Political Theories of the Welfare State
A Comprehensive Analysis of Expenditure Decentralization and of the Composition of Local Public Spending
The code of conduct against harmful tax competition
Factors Affecting Union Decline in 18 OECD Countries and their Implications for Labor Movement Reform
Welfare state attitudes and economic integration in the European Union, 1992–2002
The institutional embeddedness of social capital
Globalization, European integration and the discursive construction of economic imperatives
The European Social Model
Globalization, Europeanization, Complexity, and the Future of Scandinavian Exceptionalism
The Global Diffusion of Public Policies
Adding Another Level Individual Responses to Globalization and Government Welfare Policies
Veto Players, Globalization and the Redistributive Capacity of the State
Trade Openness, Capital Openness and Government Size
Taxing choices
The viability of advanced welfare states in the international economy
| Unique citing works | 161 |
|---|---|
| Citations per year | 6,19 |
| Citation span | 2000 - 2025 (26) |
| Citation velocity | recent |
| Highly cited | Yes |
| Citation types | Neutral: 158 |