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Research
Jul 23, 2025

Rethinking Capital Inflows: The Case for Policy Tools in the US Context

Nato Balavadze

by Nato Balavadze

In this paper we discuss:

  • The global trade imbalances and related capital flows;
  • The recent rethinking on capital controls at global level;
  • The case for capital inflow taxes; and 
  • America’s new tariff on money. 

Download PDF: Tax on Capital July 2025

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