financing instrument in terms of welfare. This finding is the result of allowing households to decide whether to buy or to rent …

consumption tax theory and real-world tax regimes. However, even under current VAT systems with the widest tax bases, the taxation …-designed tax on resale will fall only on economic rent and existing assets, taxing housing resale in itself cannot produce … efficiency gains. Moreover, to avoid causing distortions and be consistent with consumption tax theory, a tax on resale must be …

wealth taxation. I concur with views from the left that political rent‐​seeking should be curtailed and that finding economic …

to voluntary registration. The predictions are exactly the opposite for bunching. We test the theory using linked VAT and …