search query: @indexterm INCOME TAX / total: 365
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| Author: | Stephens, M. Jr. Ward-Batts, J. |
| Title: | The impact of separate taxation on the intra-household allocation of assets: evidence from the UK |
| Journal: | Journal of Public Economics
2004 : AUG, VOL. 88:9-10, p. 1989-2007 |
| Index terms: | Income tax |
| Freeterms: | Tax avoidance Income shifting |
| Language: | eng |
| Abstract: | The income tax system in the United Kingdom moved from joint to independent taxation of husbands' and wives' income in 1990. The authors use Family Expenditure Survey data to examine the impact of this tax reform on the magnitude of investment income shifting between spouses with different marginal tax rates. They find a sizeable shift in the share and incidence of asset income claimed by wives, who typically have lower marginal tax rates, as well as in the incidence of the wife claiming all the household asset income, incidating that households responded to this policy change by reallocating asset ownership. |
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