Public support for tax policies in COVID-19 times: evidence from Luxembourg
| Autor: | Philippe Van Kerm, Javier Olivera |
|---|---|
| Přispěvatelé: | Fonds National de la Recherche - FnR [sponsor] |
| Rok vydání: | 2022 |
| Předmět: |
Economics and Econometrics
History Polymers and Plastics VAT media_common.quotation_subject wealth tax Industrial and Manufacturing Engineering Inheritance tax preference for redistribution Sociologie & sciences sociales [H10] [Sciences sociales & comportementales psychologie] Economie sociale [B15] [Sciences économiques & de gestion] Accounting Income tax Economics Revenue Business and International Management Social economics [B15] [Business & economic sciences] Wealth tax media_common Net worth COVID-19 Sociology & social sciences [H10] [Social & behavioral sciences psychology] income tax Survey data collection National wealth inheritance tax Demographic economics Inheritance Finance |
| Zdroj: | International tax and public finance. 29(6) |
| ISSN: | 1573-6970 |
| Popis: | We study attitudes towards the introduction of hypothetical new taxes to finance the cost of the COVID-19 pandemic. We rely on survey data collected in Luxembourg in 2020. The survey asks for the agreement of respondents over: a one-time net wealth tax, an inheritance tax, a temporary solidarity income tax, and a temporary increase in VAT. All questions include different and randomly assigned tax attributes (tax rates and exemption amounts). We find a clear divide with relatively high support for new wealth and inheritance taxes on the one hand and a low support for increases in VAT and income taxes on the other hand. While 58% of respondents agree or strongly agree with a one-time tax levied on net worth, only 24% are in favor of a small increase in VAT. Support for any tax is however negatively associated with the size of the tax as measured by the predicted revenues. Our results indicate that a one-time wealth tax could raise substantial revenues and still garner public support.The online version contains supplementary material available at 10.1007/s10797-022-09744-y. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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