Behavioral Responses to Wealth Taxes: Evidence from Switzerland

نویسندگان

چکیده

We study how declared wealth responds to changes in tax rates. Exploiting rich intranational variation Switzerland, we find a 1 percentage point drop canton’s rate raises reported taxable by at least 43 percent after 6 years. Administrative records of two cantons with quasi-randomly assigned differential reforms suggest that 24 the effect arises from taxpayer mobility and 21 concurrent rise housing prices. Savings responses appear unable explain more than small fraction remainder, suggesting sizable evasion this setting no third-party reporting financial wealth. (JEL D91, H24, H26, H31)

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ژورنال

عنوان ژورنال: American Economic Journal: Economic Policy

سال: 2022

ISSN: ['1945-7731', '1945-774X', '1945-7812']

DOI: https://doi.org/10.1257/pol.20200258