EconPapers    
Economics at your fingertips  
 

A wealth tax at work

Thor Thoresen, Marius Alexander Kalleberg Ring, Odd E. Nygård () and Jon Epland ()
Additional contact information
Jon Epland: Statistics Norway, https://www.ssb.no/en/forskning/ansatte

Discussion Papers from Statistics Norway, Research Department

Abstract: Over the past decade, the question of whether and how to tax household wealth has risen to the forefront of policy debates across the world. Norway belongs to only a handful of countries that (still) levy an annual net wealth tax. We exploit rich Norwegian administrative data to perform descriptive analyses that address questions at the focal point of the wealth tax debate. We discuss how the taxation of wealth fits in with the personal income tax. We further investigate the redistributional effects of wealth taxation and explore the extent to which wealth taxation may cause adverse liquidity effects for private firms. Finally, we consider the effects of wealth taxation on charitable giving. Taken together, we see the evidence presented here as not weakening the case for upholding the tax: we find favorable distributional effects and the efficiency losses appear to be limited.

Keywords: Wealth tax; administrative data; distributional effects; efficiency loss (search for similar items in EconPapers)
JEL-codes: H21 H23 H25 H31 (search for similar items in EconPapers)
Pages: 61 pages
Date: 2021-08
New Economics Papers: this item is included in nep-acc, nep-eur, nep-pbe and nep-pub
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
https://www.ssb.no/en/inntekt-og-forbruk/skatt-for ... 195c93/DP960_web.pdf (application/pdf)

Related works:
Journal Article: A Wealth Tax at Work (2022) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ssb:dispap:960

Ordering information: This working paper can be ordered from
https://www.ssb.no/e ... a-wealth-tax-at-work

Access Statistics for this paper

More papers in Discussion Papers from Statistics Norway, Research Department P.O.Box 8131 Dep, N-0033 Oslo, Norway. Contact information at EDIRC.
Bibliographic data for series maintained by L Maasø ().

 
Page updated 2023-02-05
Handle: RePEc:ssb:dispap:960