Saving Effects of a Real-Life Imperfectly Implemented Net Wealth Tax: Evidence from Norwegian Micro Data

Annette Alstadsæter, Marie Bjørneby, Wojciech Kopczuk, Simen Markussen and Knut Røed ()

No 30031, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Countries that implement wealth taxes make many practical compromises regarding relative treatment and approach to valuation of different categories of assets in order to ease assessment and liquidity difficulties with this form of taxation. Relying on Norwegian variation in tax and base rules, we illustrate the resulting complexity and evaluate the effect of taxation on saving and portfolio composition. Our results highlight sensitivity of the strength of response to the base definition.

JEL-codes: D31 H24 (search for similar items in EconPapers)
Date: 2022-05
New Economics Papers: this item is included in nep-dem, nep-pbe and nep-pub
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