Files

878086.pdf (7.19 MB)

Document type

Article

Version

Accepted version

Publication date

2025-01-01

All rights reserved

Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/220290

Wealth Tax Mobility and Tax Coordination

Journal Title

Authors

Director/Tutor

Journal ISSN

Volume Title

Related resource

https://doi.org/10.1257/app.20220615

Abstract

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.

Subject

Descentralització administrativa, Política fiscal, Impostos sobre el patrimoni

Subject (English)

Decentralization in government, Fiscal policy, Property tax

Citation

Collections

Articles publicats en revistes (Economia)

Citation

AGRAWAL, David R., FOREMNY, Dirk and MARTÍNEZ-TOLEDANO, Clara. Wealth Tax Mobility and Tax Coordination. American Economic Journal: Applied Economics. 2025. Vol. 17, num. 1, pags. 402-430. ISSN 1945-7782. [consulted: 6 of June of 2026]. Available at: https://hdl.handle.net/2445/220290

Export metadata

JSON - METS

Share record