Agrawal, David R.; Foremny, Dirk; Martínez-Toledano, Clara - 2024
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 … income taxes. However, wealth tax mobility responses generate losses to personal income tax revenues that are six times …