Capital Gains Taxation: Some Experience from Switzerland
نویسندگان
چکیده
This paper discusses capital gains taxation on movable property in Switzerland which was completely abolished at the canton level in 1996 but is now under political discussion as a tax at the confederation level. Economic reasoning on the features of the Swiss tax system and empirical results for canton data on the capital gains tax in the past suggest that such a tax has a negative effect on real income and provides a relatively low revenue. WWZ/ Universität Basel First draft August 2000 Petersgraben 51 Revised October 2000 CH-4003 Basel Phone: ++41 61 2673344 Fax: ++41 61 267 12 36 e-mail: [email protected] Paper presented at “2000 Symposium on Capital Gains Taxation, September 15, Vancouver”. Helpful comments from Symposium participants are gratefully acknowledged.
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