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Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/122681
Relocation of the rich: migration in response to top tax rate changes from Spanish reforms [WP]
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A recent Spanish tax reform granted regions the authority to set income tax rates, resulting in substantial tax differentials. We use individual-level information from Social Security records over a period of one decade. Conditional on moving, taxes have a significant effect on location choice. A one percent increase in the net of tax rate for a region relative to others increases the probability of moving to that region by 1.7 percentage points. Focusing on the stock of top-taxpayers, we estimate an elasticity of the number of top taxpayers with respect to net-of-tax rates of 0.85. Using this elasticity, a theoretical model implies that the mechanical increase in tax revenue due to higher tax rates is larger than the loss in tax revenue from the out-flow of migration.
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AGRAWAL, David r., FOREMNY, Dirk. Relocation of the rich: migration in response to top tax rate changes from Spanish reforms [WP]. _IEB Working Paper 2018/06_. [consulta: 11 de febrer de 2026]. [Disponible a: https://hdl.handle.net/2445/122681]