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What happened when Spain brought back the wealth tax?
marginalrevolution.com/marginalrevolution/2025/06/what-happened-when-spain-brought-back-the-wealth-tax.html
From the Journal of Public Economics Twitter feed:
What happened when Spain brought back the Wealth Tax in 2011? Using variation in exposure, this paper finds: – No drop in savings, but drop in taxable wealth—mainly via legal avoidance – Asset shifting caused most revenue loss –…
This story appeared on marginalrevolution.com, 2025-06-12 18:43:13.