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DTSTART:20230326T010000
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DTSTART;TZID=Europe/Helsinki:20230110T121500
DTEND;TZID=Europe/Helsinki:20230110T133000
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CREATED:20230104T114247Z
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SUMMARY:Bertrand GARBINTI (CREST) "Tax Design\, Information\, and Elasticities: Evidence from the French Wealth Tax"
DESCRIPTION:Applied Micro Seminar  \nTime:12.15 – 13.30\nDate: 10th of January 2022\nRoom 3001 \nBertrand GARBINTI (CREST) “Tax Design\, Information\, and Elasticities: Evidence from the French Wealth Tax” \nAbstract : We study a reform of the French wealth tax that dramatically reduced the amount of information that taxpayers must self-report below a certain level of wealth. Combining administrative micro-data with dynamic bunching and difference-in-differences approaches\, we find large behavioral responses to this switch to a low-information regime. The reform caused a 0.5 percentage points average decrease in the annual growth rate of wealth reported by treated taxpayers each year following the switch to the low-information regime. This reduction is driven by a 4 percentage points decrease for taxpayers bunching at the information discontinuity threshold. Consistent with opacity leading to lower compliance\, treated households do not experience a real change in their (third-party) reported labor and capital income. The wealth tax base becomes much more elastic in the low-information regime\, illustrating the first-order role of information policy choices for tax base elasticities. \n  \nOrganizer:\nArne UHLENDORFF (CREST) \nSponsors:\nCREST \n
URL:https://crest.science/event/bertrand-garbinti-crest-tax-design-information-and-elasticities-evidence-from-the-french-wealth-tax/
CATEGORIES:Applied Seminar,Economics,Microeconometrics,Seminars
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