Citation

Discussion Paper Details

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Title: How Should Capital Be Taxed? Theory and Evidence from Sweden

Author(s): Spencer Bastani and Daniel Waldenstr�m

Publication Date: April 2018

Keyword(s): Capital taxation, corporate tax, Income inequality, Inheritance tax, optimal taxation, political economy, Preferences for Redistribution, Wealth Inequality and Wealth tax

Programme Area(s): Public Economics

Abstract: This paper presents a comprehensive analysis of the role of capital taxation in advanced economies with a focus on the Swedish experience. We synthesize the existing theoretical literature, present facts about the capital stock and its distribution, review current capital tax practices and empirical findings regarding their effects on economic activity. The paper also examines the political feasibility of capital taxation by presenting results from a unique attitude survey targeted to a large representative sample of the Swedish population. Finally, we tie together our findings and discuss their implications for tax policy.

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Bibliographic Reference

Bastani, S and Waldenstr�m, D. 2018. 'How Should Capital Be Taxed? Theory and Evidence from Sweden'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=12880