2026-04-17T02:54:48Zhttps://recercat.cat/oai/request

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

Wealth Tax Mobility and Tax Coordination Agrawal, David R. Foremny, Dirk Martínez-Toledano, Clara Descentralització administrativa Política fiscal Impostos sobre el patrimoni Decentralization in government Fiscal policy Property tax 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. 2025-04-07T10:13:56Z 2025-04-07T10:13:56Z 2025-01-01 2025-04-07T10:13:56Z info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Versió postprint del document publicat a: https://doi.org/10.1257/app.20220615 American Economic Journal: Applied Economics, 2025, vol. 17, num.1, p. 402-430 https://doi.org/10.1257/app.20220615 (c) American Economic Association, 2025 info:eu-repo/semantics/openAccess American Economic Association Articles publicats en revistes (Economia)