The Long Run Effects of Taxes and Tax Competition on top Income Shares: An Empirical Investigation
This paper provides empirical evidence on the long run effects of tax policy on income concentration in Switzerland. As Swiss cantons enjoy considerable autonomy with respect to income taxation, it is possible to study the impact of the cantonal income tax burden, as well as the influence of tax com...
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| Veröffentlicht in: | The Review of income and wealth 2017-12, Vol.63 (4), p.792-820 |
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| container_title | The Review of income and wealth |
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| creator | Frey, Christian Gorgas, Christoph Schaltegger, Christoph A. |
| description | This paper provides empirical evidence on the long run effects of tax policy on income concentration in Switzerland. As Swiss cantons enjoy considerable autonomy with respect to income taxation, it is possible to study the impact of the cantonal income tax burden, as well as the influence of tax competition, on cantonal top income shares. Using panel regressions covering all Swiss cantons from 1917 to 2009 we find the expected negative effect of the tax burden on the cantonal top income share. Further, we find evidence that tax competition is a driving force behind the income shares of the top 1, 0.5 and 0.1 percent. Lower tax rates in neighbor cantons induce competitive pressure and ceteris paribus reduce top income shares in a canton. For the very top incomes tax competition seems to be an issue of the last 30 years. |
| doi_str_mv | 10.1111/roiw.12228 |
| format | Article |
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As Swiss cantons enjoy considerable autonomy with respect to income taxation, it is possible to study the impact of the cantonal income tax burden, as well as the influence of tax competition, on cantonal top income shares. Using panel regressions covering all Swiss cantons from 1917 to 2009 we find the expected negative effect of the tax burden on the cantonal top income share. Further, we find evidence that tax competition is a driving force behind the income shares of the top 1, 0.5 and 0.1 percent. Lower tax rates in neighbor cantons induce competitive pressure and ceteris paribus reduce top income shares in a canton. 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For the very top incomes tax competition seems to be an issue of the last 30 years.</description><subject>Autonomy</subject><subject>Burden sharing</subject><subject>Competition</subject><subject>D31</subject><subject>Economic models</subject><subject>Economic theory</subject><subject>fiscal policy</subject><subject>H73</subject><subject>income concentration</subject><subject>Income taxes</subject><subject>inequality</subject><subject>Inflation</subject><subject>interjurisdictional differentials</subject><subject>tax induced</subject><subject>Tax rates</subject><subject>Taxation</subject><issn>0034-6586</issn><issn>1475-4991</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2017</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNp9kFtLAzEQhYMoWKsv_oKAb8LWXDbZxLdSvBQKhVrxMaS7SZvS3azJ1tp_b9b67DAwA_OdOXAAuMVohFM9BO8OI0wIEWdggPOCZbmU-BwMEKJ5xpngl-Aqxi1CmBNGB2C13Bg4880aLvYNfLLWlF2E3sKl_jYR6qbqNzjxdWs61znfwNSdb-G0KX1t4NtGBxMf4Tip69YFV-pdun2Z2Lm17gXX4MLqXTQ3f3MI3p-flpPXbDZ_mU7Gs6yknIuMWKkREwUirOBoRWVZrTDjuOKYysoyayxHpZDUksJIzYqiEJLkXEpdSVFJOgR3p79t8J_75K-2fh-aZKmw5BIRKghK1P2JKoOPMRir2uBqHY4KI9VnqPoM1W-GCcYn-OB25vgPqRbz6cdJ8wN5NnK0</recordid><startdate>201712</startdate><enddate>201712</enddate><creator>Frey, Christian</creator><creator>Gorgas, Christoph</creator><creator>Schaltegger, Christoph A.</creator><general>Blackwell Publishing Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7TQ</scope><scope>8BJ</scope><scope>DHY</scope><scope>DON</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>201712</creationdate><title>The Long Run Effects of Taxes and Tax Competition on top Income Shares: An Empirical Investigation</title><author>Frey, Christian ; Gorgas, Christoph ; Schaltegger, Christoph A.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3668-2f9a0587025760b39cdb1561d6139df5fef60c893f27e9a57778924699ad98d93</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2017</creationdate><topic>Autonomy</topic><topic>Burden sharing</topic><topic>Competition</topic><topic>D31</topic><topic>Economic models</topic><topic>Economic theory</topic><topic>fiscal policy</topic><topic>H73</topic><topic>income concentration</topic><topic>Income taxes</topic><topic>inequality</topic><topic>Inflation</topic><topic>interjurisdictional differentials</topic><topic>tax induced</topic><topic>Tax rates</topic><topic>Taxation</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Frey, Christian</creatorcontrib><creatorcontrib>Gorgas, Christoph</creatorcontrib><creatorcontrib>Schaltegger, Christoph A.</creatorcontrib><collection>CrossRef</collection><collection>PAIS Index</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>The Review of income and wealth</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Frey, Christian</au><au>Gorgas, Christoph</au><au>Schaltegger, Christoph A.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The Long Run Effects of Taxes and Tax Competition on top Income Shares: An Empirical Investigation</atitle><jtitle>The Review of income and wealth</jtitle><date>2017-12</date><risdate>2017</risdate><volume>63</volume><issue>4</issue><spage>792</spage><epage>820</epage><pages>792-820</pages><issn>0034-6586</issn><eissn>1475-4991</eissn><abstract>This paper provides empirical evidence on the long run effects of tax policy on income concentration in Switzerland. 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| ispartof | The Review of income and wealth, 2017-12, Vol.63 (4), p.792-820 |
| issn | 0034-6586 1475-4991 |
| language | eng |
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| source | PAIS Index; Business Source Complete; Wiley Online Library All Journals |
| subjects | Autonomy Burden sharing Competition D31 Economic models Economic theory fiscal policy H73 income concentration Income taxes inequality Inflation interjurisdictional differentials tax induced Tax rates Taxation |
| title | The Long Run Effects of Taxes and Tax Competition on top Income Shares: An Empirical Investigation |
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