Freedom of movement of businesses: the outcome of exit taxes

• Author: Christian Billardi
• Pages: 159-165

Studi Tributari Europei 1/201 7

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Freedom of movement of businesses: the outcome of exit

taxes *

Autore Cristián Billardi 2

Table of Contents

1. Introduction 2. Free movement of businesses and exit taxation 3. As a

corollary

1. Introduction

The subject of my speech should necessarily be assessed in the broader

context of the global financial markets and economic and fiscal policy of the

public authorities which should address the relationship between the

exercise of the power to tax and the free movement of enterprises and

capital.

In this sense, the repeated changes in the direction of economic policy

(openness/protection), often show a cyclic dynamism and a marked

dependence on domestic and international juncture (e.g. effects of the sub-

prime crisis or the drop on the value of commodities in the international

arena and protection policies or restrictions on imports as the Argentine

case up to 2016).

Proof of this can be seen in the successive changes of scenario in the

Region. For example, at the time of our Congress (2016) we pointed out

that while there were States that had developed a strategy for opening (e.g.

Pacific Alliance), others like Venezuela or Argentina had instead established

protectionist measures with respect to foreign investment, which resulted in

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* How to quote this article: C. BILLARDI, Freedom of movement of businesses: the outcome of

exit taxes, translated by JOSÈ MIGUEL MARTIN, Univresidad Pablo de Olavide, Sevilla, in Studi

Tri but ar i E uro pe i, n. 1/2017 (ste.unibo.it), pp 159-165, DOI:!10.6092/issn.2036-3583/8772.

1 Cristián Billardi , Associate Professor at the UNiversity of Buenos Aires .

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