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What Happens When Dying Gets Cheaper? Behavioural Responses to Inheritance Taxation∗
| Content Provider | Semantic Scholar |
|---|---|
| Author | Montserrat, Mariona Mas |
| Copyright Year | 2019 |
| Abstract | This paper intends to identify behavioural responses to significant cuts in the inheritance tax, paying special attention to evasion and avoidance. Using the universe of inheritance tax returns of Catalan tax residents from 2008 to 2015, it exploits a natural experiment resulting from an important tax reform: the quasi-repeal of the inheritance tax for bequests given to close relatives (i.e. descendants, parents and spouses). Main findings suggest that taxpayers facing very low (or null) tax rates increase reported inheritances by 40%. Such increase can be explained by real estate over-assessment. Although this behaviour is not related to inheritance tax evasion, it helps to reduce potential capital gains in the future, and thus it helps to evade future personal income taxes. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.conftool.org/iipf2019/index.php/Mas-Montserrat-What_Happens_When_Dying_Gets_Cheaper_Behavioural_Responses-319.pdf?filename=Mas-Montserrat-What_Happens_When_Dying_Gets_Cheaper_Behavioural_Responses-319.pdf&form_id=319&page=downloadPaper |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
