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Título:
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Relocation of the rich: migration in response to top tax rate changes from Spanish reforms [WP]
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Autor/a:
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Agrawal, David R.; Foremny, Dirk
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Notas:
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A recent Spanish tax reform granted regions the authority to set income tax rates, resulting in substantial tax differentials. We use individual-level information from Social Security records over a period of one decade. Conditional on moving, taxes have a significant effect on location choice. A one percent increase in the net of tax rate for a region relative to others increases the probability of moving to that region by 1.7 percentage points. Focusing on the stock of top-taxpayers, we estimate an elasticity of the number of top taxpayers with respect to net-of-tax rates of 0.85. Using this elasticity, a theoretical model implies that the mechanical increase in tax revenue due to higher tax rates is larger than the loss in tax revenue from the out-flow of migration. |
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Materia(s):
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-Riquesa
-Distribució (Teoria econòmica)
-Administració fiscal
-Política migratòria
-Wealth
-Distribution (Economic theory)
-Tax administration and procedure |
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Derechos:
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cc-by-nc-nd, (c) Agrawal et al., 2018
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
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Tipo de documento:
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Documento de trabajo |
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Editor:
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Institut d’Economia de Barcelona
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Compartir:
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