‘Tax the rich’? The financial crisis, fiscal fairness, and progressive income taxation

Limberg, Julian

doi:10.1017/s1755773919000183

Cited by 30 publications

(27 citation statements)

References 86 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Scheve and Stasavage (2016) show that wars of mass mobilization -during which governments draft predominantly young and poor people into the army, whereas old and wealthy people benefit from an expanding war economy -produced substantial increases in top-income and inheritance tax rates. Moreover, Limberg (2019Limberg ( , 2020 demonstrates that banking crises have repeatedly enabled compensatory arguments, given that wealthy capital owners benefitted from expanding financial markets, whereas governments socialized the cost of the resulting crises. Like wars, these crises translated into tax increases on the highest incomes, albeit at a more modest level.…”

Section: Principles Of Taxationmentioning

confidence: 99%

Introduction to the Handbook on the Politics of Taxation

Hakelberg¹,

Seelkopf²

2021

Handbook on the Politics of Taxation

View full text Add to dashboard Cite

Section: Principles Of Taxationmentioning

confidence: 99%

Introduction to the Handbook on the Politics of Taxation

Hakelberg¹,

Seelkopf²

2021

Handbook on the Politics of Taxation

View full text Add to dashboard Cite

“…Hence, the downward trend for the mean tax rate on dividends aligns even better with the trend for the mean rate on corporate profits when we drop Finland and Norway (figure 2b). (Limberg, 2019, pp. 7-9), we interact a binary crisis indicator with the dividend dummy to control for the appeasement conjecture.…”

Section: Comparing (Mean) Tax Rates: a Did Analysismentioning

confidence: 99%

Is neoliberalism still spreading? The impact of international cooperation on capital taxation

Hakelberg

Rixen

2020

Review of International Political Economy

View full text Add to dashboard Cite

The downward trend in capital taxes since the 1980s has recently reversed for personal capital income. At the same time, it continued for corporate profits. Why have these tax rates diverged after a long period of parallel decline? We argue that the answer lies in different levels of change in the fights against tax evasion and tax avoidance. The fight against evasion by households progressed significantly since 2009, culminating in the multilateral adoption of automatic exchange of information (AEI). In contrast, international efforts against base erosion and profit shifting (BEPS) failed to curb tax avoidance by corporations. We theorize that international cooperation is an intervening variable, countering the negative impact of tax competition on capital taxation by reducing the risk of capital flight. Under such conditions, domestic political pressures in favor of higher capital taxes can unfold. We confirm our argument in a differencein-difference analysis and through additional tests with data for up to 35 OECD countries from 2000-2017. Our central estimate suggests that the average tax rate on dividends in 2017 is 4.5 percentage points higher than it would have been absent international tax cooperation.

show abstract

“…For example, the development of, and support for, progressive tax systems in advanced capitalist democracies clearly increased during, and in the aftermath of, periods of mass mobilisation for war (Scheve and Stasavage, 2010;2012;2016). Limberg (2019; has argued that financial crises have also driven changes in attitudes to, and policies on, tax. Various studies have also pointed to the role of a range of other political factors such as partisan politics (Osterloh and Debus, 2012), veto players (Hallerberg and Basinger, 1998;Swank, 2016) and electoral systems (Hays, 2003).…”

Section: Drivers Of Attitudes To Taxationmentioning

confidence: 99%

Public attitudes to a wealth tax

Rowlingson¹,

Sood²,

Tu³

2020

View full text Add to dashboard Cite

This paper presents findings from the first study in the UK to focus on attitudes to an annual wealth tax. It starts by providing a brief review of key literature including recent studies of attitudes to wealth taxes in general and research on the drivers of attitudes to taxation. The paper then describes the mixed methods used in this new study, which aimed to measure and explore overall levels of support for a wealth tax compared with other taxes; arguments for and against a wealth tax; and opinions on the particular design of such a tax. Key findings include: high levels of public support for a net wealth tax compared with other taxes; support for including financial investments and property wealth (after excluding the main home) as the base for the tax but less support for including cash savings, pension wealth and the main home. On balance, there was some preference for the tax to be based on net rather than gross wealth, and for the unit of taxation to be individuals rather than couples or households. The majority of the public supported a threshold of £500,000 for the tax at a rate of at least 1%.

show abstract

‘Tax the rich’? The financial crisis, fiscal fairness, and progressive income taxation

Cited by 30 publications

References 86 publications

Introduction to the Handbook on the Politics of Taxation

Introduction to the Handbook on the Politics of Taxation

Is neoliberalism still spreading? The impact of international cooperation on capital taxation

Public attitudes to a wealth tax

Contact Info

Product

Resources

About