Behavioral Responses to Wealth Taxes: Evidence from Sweden

American Economic Journal: Economic Policy - Tập 9 Số 4 - Trang 395-421 - 2017
David Seim1
1Department of Economics, Stockholm University, S10691 Stockholm, Sweden, CEPR, and Research Institute of Industrial Economics, Stockholm (email: )

Tóm tắt

This paper provides an empirical assessment of an annual wealth tax. Using Swedish administrative data, I estimate net-of-tax-rate elasticities of taxable wealth in the range [0.09, 0.27]. Cross-checking self-reported assets against asset data unavailable to the tax agency reveals that around a third of the elasticity estimates are due to underreporting of asset values. Difference-in-difference designs further suggest that the responses reflect evasion and avoidance rather than changes in saving. (JEL H24, H26, H31)

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Tài liệu tham khảo

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American Economic Journal: Economic Policy

Tập 9 Số 4

395-421

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