Search Results - subject_exact:"Wealth tax"

Investor valuation, taxation, and time varying expected returns

Bjerksund, Petter; Schjelderup, Guttorm - 2026

This paper analyzes the valuation of publicly traded stocks subject to capital income and wealth taxation when expected returns are time-varying. We show that, in an efficient capital market, investor valuation coincides with the market price under a broad class of tax systems, including accrued...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654699

The carbon content of billionaire wealth : composition, concentration, and taxation

Bua, Krystian; Coronese, Matteo; Lamperti, Francesco; … - 2026

How large are billionaires' carbon footprints? While increasing evidence highlights large disparities in emissions between and within countries, detailed individual-level data on emissions portfolios remain scarce. In this paper, we analyze the wealth composition of the top 501 billionaires and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015672912

Taxing wealth unlocks capital gains : an efficiency rationale for wealth taxes

Ocampo Díaz, Sergio; Schjelderup, Guttorm; Zoutman, … - 2026

Realization-based capital income taxation generates capital lock-in because investors have an incentive to delay tax payments. This generates inefficiency as investors forgo investment opportunities that require them to realize capital gains. We show that wealth taxation can unlock capital,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015675099

Wealth tax enforcement : the role of tax and institutional design

Durán, José María; Esteller-Moré, Alejandro; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015546671

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Wealth tax enforcement : the role of tax and institutional design

Durán, José María; Esteller-Moré, Alejandro; … - 2025 - Version October 2025

Edition: Version October 2025

Book / Working Paper

Wealth taxation : the key to unlocking capital gains

Schjelderup, Guttorm; Zoutman, Floris T. - 2025

This paper analyzes how a wealth tax affects investor portfolio choice when a realization-based capital gains tax is present. We develop a two-period model with heterogeneous investors and show that while a capital gains tax distorts portfolio choice by encouraging investors to postpone...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015548876

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Wealth taxation : the key to unlocking capital gains

Schjelderup, Guttorm; Zoutman, Floris T. - 2024

Book / Working Paper

Preferences for wealth redistribution : the role of social background and merit

Stumpf, Elisa; Übelmesser, Silke - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015670876

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Preferences for wealth redistribution : the role of social background and merit

Stumpf, Elisa; Übelmesser, Silke - 2025

Book / Working Paper

Wealth taxes under the constitution : an originalist analysis

Schizer, David M.; Calabresi, Steven G. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015615825

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Wealth taxes under the constitution : an originalist analysis

Schizer, David M.; Calabresi, Steven G. - 2024

Book / Working Paper

Dilution vs. risk taking : capital gains taxation and entrepreneurship

Azevedo, Eduardo M.; Scheuer, Florian; Smetters, Kent A.; … - 2025

Recent proposals to tax unrealized capital gains or wealth have sparked a debate about their impact on entrepreneurship. We show that accrual-based taxation creates two opposing effects: successful founders face greater dilution from advance tax payments, whereas unsuccessful founders receive...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015550825

A panoptic view of the South African wealth tax

Ram, Asheer Jaywant - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015589621

Tax-financed green policies and income inequality in an agent-based model

Rodrigues, Lucca Gustafson; Lima, Gilberto Tadeu; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015475271

Review of comprehensive real estate tax from the perspective of property taxation

Park, Jeehyun - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015056233

Wealth taxation, capital gains taxation and the inequality-mobility trade-off

Langenhove, Christophe van; Lorenz, Jan; Schulz-Gebhard, Jan - 2026

We compare wealth taxes and capital gains taxes in a random growth model with idiosyncratic investment risk. At equal tax revenue, wealth taxes generate higher wealth inequality but also higher wealth mobility than capital gains taxes. The mechanism operates through variance: wealth taxes shift...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015608613

Nudging automatic debit for property tax : evidence from two natural field experiments

Nishihata, Masaya; Kobayashi, Yōhei; Ishikawa, Takayuki - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614230

Enhancing property tax

Roy, Debarpita - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614804

Skewed perspectives : media narratives on wealth-based taxation in German speaking countries

Theine, Hendrik; Stäudelmayr, Alexander; Maad, Magdalena; … - 2026

Rising wealth inequality is one of the defining challenges of the 21st century, threatening both equal opportunity and the foundations of democratic governance. Yet calls for taxing wealth remain limited, even though such measures could help curb inequality. Recognising the central role of media...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614879

State and local tax policy in a time of telework

Agrawal, David R.; Chen, Xinyu - 2026

The taxing authority of subnational governments is limited by the geographic location of individuals and economic activity. The rise of telework decouples a worker's residence from the employer's location, creating challenges for personal income taxes, corporate income taxes, and unemployment...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015615634

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State and local tax policy in a time of telework

Agrawal, David R.; Chen, Xinyu - 2026

Book / Working Paper

Putting the "finance" into "public finance" : a theory of capital gains taxation

Aguiar, Mark; Moll, Benjamin; Scheuer, Florian - 2026 - First version: May 2024, this version: February 2026

Standard optimal capital tax theory abstracts from modeling asset prices, making it unsuitable for thinking about capital gains and wealth taxation. We study optimal redistributive taxation in an environment with asset price movements, adopting the modern finance view that asset prices fluctuate...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015596733

Bilan d'ensemble de l'expérience française d'impôt sur la fortune

Didier, Michel; Koléda, Gilles - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015583535

Short and long-run effects of inter-governmental redistribution of property tax on housing supply

Dai, Xieer; Felsenstein, Daniel - 2026

This paper investigates the short and long-run effects of the inter-governmental redistribution of property tax on housing supply. For the short-run analysis, we leverage a property tax policy reform as an exogenous shock and use propensity score matching DID to establish the causal linkage...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015639030

Do special transfers to incentivize local tax revenue effort work?

Canavire-Bacarreza, Gustavo; Cansino, Kenyi; Castro, Luis; … - 2026

Many decentralized countries struggle with low levels of subnational tax effort. As a remedy for this situation, specific-purpose incentive schemes designed for own revenue mobilization at the subnational level can be simple, efficient, and cost-effective tools. We examine the effects of an...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644750

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Do special transfers to incentivize local tax revenue effort work?

Canavire-Bacarreza, Gustavo; Cansino, Kenyi; Castro, Luis; … - 2026

Book / Working Paper

Strengthening Immovable Property Taxation in Pakistan : Challenges, Mapping of Revenue Sources, Recommendations and Strategic Roadmap

Lucas-Mas, Cristian Óliver; Touqeer, Irum - 2026

This report argues that Pakistan’s immovable property taxation system has significant untapped revenue potential but is constrained by structural, institutional, and valuation weaknesses. Property related taxes are well suited for subnational finance because they are stable, visible, and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015656032

Risky investment, tax competition, and wealth inequality

Tamai, Toshiki - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015647089

Tracing the billionaire's tax across four G20 presidencies : from corporate custodianship to global justice addressing inequality

Oppel, Annalena - 2026

This paper traces the trajectory of the billionaire's tax proposal through four recent G20 presidencies: Indonesia (2022), India (2023), Brazil (2024), and South Africa (2025). It explores how the emergence of a coordinated minimum tax on extreme private wealth illustrates both the possibilities...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650886

Paying your fair share : perceived fairness and tax compliance

Nathan, Brad; Perez-Truglia, Ricardo; Zentner, Alejandro - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651903

The Welsh government's record on tax and benefit policy

Phillips, David; Adam, Stuart; Wernham, Tom; Michael, Jed - 2026

Since its inception, the Welsh Government has had powers over local taxation - determining the structure of council tax (with councils then setting the headline tax rate) and the structure and level of business rates. The late 2010s saw the Welsh Government gain powers over a number of other...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015635311

How much and how fast do investors respond to equity premium changes? : evidence from wealth taxation

Fagereng, Andreas; Guiso, Luigi; Ring, Marius A. K. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668633

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How Much and How Fast Do Investors Respond to Equity Premium Changes? : Evidence from Wealth Taxation

Fagereng, Andreas; Guiso, Luigi; Ring, Marius A. K. - 2026

Book / Working Paper

How much and how fast do investors respond to equity premium changes? : evidence from wealth taxation

Fagereng, Andreas; Guiso, Luigi; Ring, Marius A. K. - 2023

Book / Working Paper

How much and how fast do investors respond to equity premium changes? : evidence from wealth taxation

Fagereng, Andreas; Guiso, lg; Ring, Marius A. K. - 2023

Book / Working Paper

Taxing wealth or capital income? : the impact of political ideology on property tax policy in Spain : a quasi-experimental study

Tubío-Sánchez, José María; Lago Peñas, Santiago; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668506

Tax planning as a family matter : intra-household organization and inequality

Esteller-Moré, Alejandro - 2026 - Version April 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015665429

Intergenerational correlation in returns, wealth inequality, and the estate tax

Li, Kunze; Naknoi, Kanda; Zhao, Kai - 2026 - This draft: May 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015673404

Assessing the government's reform to the National Insurance treatment of salary sacrifice pension contributions

O'Brien, Laurence; Oulton, Matthew - 2026

In November 2025, the Chancellor announced that salary sacrifice pension contributions - whereby employees agree to a reduction in their salary in return for additional employer pension contributions - above £2,000 per year will no longer be exempt from employer and employee National Insurance...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668543

The great unleveling : long-run wealth inequality in South Korea, 1970 - 2021

Hong, Sehyun; Mo, Zhexun; Yang, Jiwei - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060356

Natural disasters, property reappraisal, and fiscal outcomes

Davlasheridze, Meri; Hou, Yilin; Miao, Qing - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060323

Pourquoi et comment taxer les plus riches? : taxe Zucman (TZ) ou taxe sur le revenu économique et certain (tréc)?

Allègre, Guillaume; Timbeau, Xavier - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668823

Fool's gold : the case against the wealth tax, and suggestions for alternatives

Niemietz, Kristian - 2026

Wealth taxes have been tried many times. In the early 1990s, about half of Western Europe still had wealth taxes. In the meantime, all but three of these countries have given up on them, including, in some cases, under left-wing governments, and even the three remaining ones have scaled back...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637412

Net wealth tax for Ireland : possibilities and pitfalls

McDonnell, Tom; Nugent, Ciarán; McCaughey, Sorley - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016069625

Local governments and housing prices : capitalization of property taxes

Škultéty, Oliver; Žalman, Jan - 2026

This paper studies the capitalization of property taxes into housing prices by exploiting a unique institutional setting. We utilize a nationwide reform that raised the statutory base rate of the property tax by 80% while simultaneously restricting the fiscal instruments municipalities could use...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016085791