2026-04-13T13:43:43Zhttps://recercat.cat/oai/request

oai:recercat.cat:2445/2202902025-12-06T01:54:58Zcom_2072_1057col_2072_478809col_2072_478917

00925njm 22002777a 4500 dc Agrawal, David R. author Foremny, Dirk author Martínez-Toledano, Clara author 2025-04-07T10:13:56Z 2025-04-07T10:13:56Z 2025-01-01 2025-04-07T10:13:56Z We study the effects of decentralized wealth taxation on mobility and the effectiveness of tax coordination at mitigating tax competition. We exploit the reintroduction of the Spanish wealth tax, after which all regions except Madrid levied positive tax rates. We find the mobility responses to wealth taxes are within the range of prior estimates with respect to income taxes. However, wealth tax mobility responses generate losses to personal income tax revenues that are six times larger than the direct losses to wealth taxes. Madrid could achieve higher total regional revenues by agreeing to a harmonized positive tax rate. Descentralització administrativa Política fiscal Impostos sobre el patrimoni Decentralization in government Fiscal policy Property tax Wealth Tax Mobility and Tax Coordination