Arbeitspapier

Avoiding taxes by transfers within the family

We document an episode with considerable tax avoidance that occurred in Italy after 2008 when the Italian government reformed the property taxation by abolishing taxation on principal residences and increasing taxation on secondary properties. In presence of a very low inter vivos gift tax, Italian families found it beneficial to redistribute properties among their members. Difference-in-difference estimates indicate that property tax reform increased the probability that high-wealth donors made an inter vivos property gift by 3 percentage points and the size transferred by 4 square meters relative to less wealthy donors. Our estimates allow us to compute (back of the envelope) the amount of tax avoidance due to inter vivos transfer. The amount is around 78 million euros, or 4 percent of the annual tax revenue from principal residences.

Sprache
Englisch

Erschienen in
Series: Working Paper ; No. 2016:4

Klassifikation
Wirtschaft
Taxation, Subsidies, and Revenues: Other Sources of Revenue
Personal Income, Wealth, and Their Distributions
Consumer Economics: Theory
Thema
tax avoidance
property taxes
inter vivos gifts

Ereignis
Geistige Schöpfung
(wer)
Di Porto, Edoardo
Ohlsson, Henry
Ereignis
Veröffentlichung
(wer)
Uppsala University, Department of Economics
(wo)
Uppsala
(wann)
2016

Handle
URN
urn:nbn:se:uu:diva-281769
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Di Porto, Edoardo
  • Ohlsson, Henry
  • Uppsala University, Department of Economics

Entstanden

  • 2016

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