Over the past 25 years when the rapid decentralization was taking place, Spain enjoyed high rates of economic growth and prosperity, spotted with unusually high rates of unemployment associated with rigidities in labour market institutions. In 2005, GDP per capita was $ 25,500. Over the same...

This paper measures the local and effective progression of personal income tax, considering jointly the taxation of regular income and capital gains. The study demonstrates that, if capital gains increase more than proportionally compared to individuals’ regular income, the combined tax may be...

Este trabajo analiza en qué medida la implantación de un impuesto dual sobre la renta puede modificar las oportunidades de planificación fiscal de que disponen los contribuyentes en los impuestos sobre la renta personal y societaria vigentes en la mayor parte de los países desarrollados. El...

The aim of this paper is to obtain empirical evidence about the influence of the public debt externalities of the central and regional governments have on the credit rating of the Spanish Autonomous Communities. The analysis was done by estimating an ordered probit model from panel data for the...

This paper elaborates and evaluates a model for the decentralization of personal income tax which is consistent with the optimal redistribution model proposed by Tresch (2002), within a framework od social welfare à la Atkinson and Bourguignon (1987). Each region applies to its constituents a...

This chapter provides an overview of the key issues in public economics arising from the process of territorial decentralization that has taken place in Spain since the restoration of democracy and ratification of the Constitution of 1978, which resulted in the emergence of the “ Autonomic...

En las últimas décadas, numerosas administraciones públicas de todo el mundo han concedido, como parte de sus políticas impositivas, medidas de perdón fiscal más o menos generales. A pesar de esta frecuente concesión y de la controversia social que siempre les rodea, el análisis...

La reciente reforma del IRPF ha operado un cambio significativo en el régimen fiscal de las rentas del trabajo personal. Si con anterioridad estas rentas disfrutaban de una reducción en la base y de una deducción en la cuota del Impuesto, desde 1999 los beneficios fiscales se han subsumido en...

The paper estimates the impact that the differences of taxation in the Spanish Personal Income Tax (IRPF) and Corporate Income Tax (IS) cause in the division of the economic activity between corporate and noncorporate firms. The exercise is based on the approach proposed by Mackie-Mason and...