Taxation of capital income and wealth designed to redistribute from the rich may harm small open economies with a … globalized capital market as investments are distorted. This study shows that raising tax revenue by taxing wealth is less costly … wealth. The explanation is that a recidence based tax on wealth collects tax revenue from wealthy investors without …

Taxation of capital income and wealth designed to redistribute from the rich may harm small open economies with a … globalized capital market as investments are distorted. This study shows that raising tax revenue by taxing wealth is less costly … wealth. The explanation is that a recidence based tax on wealth collects tax revenue from wealthy investors without …

Taxation of capital income and wealth redistributes from the rich but may harm the Norwegian economy as business … wealth. A wealth tax without a discount for working capital combined with a tax rate on ordinary income equal to the … corporate tax rate abroad achieves these goals. This tax proposal is assessed based on previous results on taxation. …

The Ramsey optimal taxation theory implies that the tax rate on capital income should be zero in the long run. This … any other group in the economy. This paper demonstrates that although all households agree that capital income taxation … reform that is funded mostly by higher taxes on labor income while households with little wealth would prefer a reform that …

Using administrative wealth records from Denmark, we study the effects of wealth taxes on wealth accumulation. Denmark … used to impose one of the world's highest marginal tax rates on wealth, but this tax was drastically reduced and ultimately … abolished between 1989 and 1997. Due to the specific design of the wealth tax, these changes provide a compelling quasi …

in wealth tax rates, estimating the causal effects of an unprecedented municipal wealth tax reform in Norway. We leverage … municipality in Norway to unilaterally reduce the municipal wealth tax rate since 1978. We document a significant 60% increase in … level, they do not suggest a large-scale exodus at the national level, indicating that migration to avoid wealth taxation is …

wealth taxation. I concur with views from the left that political rent‐​seeking should be curtailed and that finding economic … evasion. Consumption taxes are a better revenue source.Section 5 examines how support for wealth taxation has less to do with … problems facing Americans who are less well off, and that wealth taxation would cause major economic and political damage …

wealth, and find that a ''realistic'' optimal steady state tax structure includes some taxation of labor, zero taxation of …We analyze the long-run optimal combination of wealth and labor tax rates in a model where wealth-to-income ratios and … wealth inequality are rising endogenously. We consider rich (lenders) and poor (borrowers) households, financial and housing …

How does wealth taxation differ from capital income taxation? When the return on investment is equal across individuals … generate more income pay higher taxes. Under wealth taxation, entrepreneurs who have similar wealth levels pay similar taxes … significantly higher average welfare. Turning to optimal taxation, the optimal wealth tax (OWT) is positive and yields large welfare …