search query: @indexterm INCOME TAX / total: 365
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| Author: | Alvaredo, F. Saez, E. |
| Title: | Income and wealth concentration in Spain from a historical and fiscal perspective |
| Journal: | Journal of the European Economic Association
2009 : SEP, VOL. 7:5, p. 1140-1167 |
| Index terms: | incomes wealth spain income tax wealth tax |
| Language: | eng |
| Abstract: | This article introduces series of top shares of income and wealth in Spain using personal income and wealth tax return statistics. Top income shares are highest in the 1930s. Then they start to fall sharply during the first decade of the Franco dictatorship. Top income shares have remained stable and low till the 1980s and have increased since the mid 1990s. The study suggests that income tax evasion and avoidance among top income earners in Spain was much less prevalent than previously thought. The study uses wealth series and a simple model to analyze the effects of the wealth tax exemption of stocks for owners-managers introduced in 1994. The reform induced substantial shifting from the taxable to tax exempt status, hence creating efficiency costs. |
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