Garbinti, Bertrand; Goupille-Lebret, Jonathan; Muñoz, … - National Bureau of Economic Research - 2023
We study a French wealth tax reform that starkly reduced the information some taxpayers must report to the tax … local average treatment effect. The annual wealth growth rate of treated taxpayers falls by 0.5 percentage points after the … reform. This decline is likely due to increased evasion, as suggested by the sharp responses in self-reported wealth but not …