Regional impact of the new Tax on Great Fortunes: A microsimulation analysis

Authors

DOI:

https://doi.org/10.38191/iirr-jorr.24.003

Keywords:

Taxation, wealth, autonomous communities, microsimulation

Abstract

e Temporary Solidarity Tax on Great Fortunes came into force in Spain at the end of 2022. is tax managed at state level and complementary to the Wealth Tax, will seek to harmonise the taxation of wealth in all the autonomous communities under the common regime. In this paper the taxation of wealth in Spain is analysed, as well as the reform proposals put forward to date. e new state tax is estimated using microsimulation techniques for the year 2022, with the aim of obtaining the main revenue effects that its implementation will have. Its impact will be unequal between autonomous communities due to the existing differences in the regional regulations of the Wealth Tax.

Author Biographies

Rubén Amo Cifuentes , Universidad de Valencia. Departamento de Economía Aplicada.

Rubén Amo Cifuentes is a Senior Research Support Technician in the Department of Applied Economics at the University of Valencia. His line of research is based on Public Economics and Fiscal Federalism, specifically on impact evaluation and microsimulation of taxes and benefits. He is a collaborator of both the Public Economic Evaluation research group (EvalPub) and the Chair of Autonomic Taxation. He holds a degree in Economics from the University of Valencia, receiving the Extraordinary Prize of Degree 2020 for the best record. He has also completed a Master's Degree in Economic Policy and Public Economics at the University of Valencia.

Rafael Granell Pérez , Universidad de Valencia. Departamento de Economía Aplicada.

Rafael Granell, PhD in Economics and Associate Professor at the Department of Applied Economics of the University of Valencia. He is the Director of the Public Economic Evaluation research group (EvalPub), a member of the Chair of Regional Taxation and of the Commission for the Study of Tax Reform in the Valencian Region and a researcher at RIFDE. His area of ​​research focuses on Public Economics, highlighting the following lines: economics of taxation, regional economics, fiscal federalism, poverty and inequality, economics of education and public economic evaluation. He has published numerous articles in scientific journals, such as Review of Economics of the Household, Service Industries Journal, Ageing & Society, Education Economics, Journal of Regional Research and Review of Public Economics. He has been a researcher in projects and contracts with several entities such as Spanish Social Security, Spanish Institute of Fiscal Studies, Generalitat Valenciana, IVIE and La Caixa Foundation.

Amadeo Fuenmayor Fernandez , Universidad de Valencia. Departamento de Economía Aplicada.

Ph.D. in Economic and Business Sciences and Associate Professor of the Department of Applied Economics of the University of Valencia. Head of the Chair of Autonomous Taxation. He is a member of the Public Economic Evaluation research group (EvalPub) and of the Commission for the Study of Tax Reform in the Valencian Community and a researcher of the Network of Researchers in Autonomous Financing and Financial Decentralization in Spain ( RIFDE). His area of ​​research focuses on Public Economics, highlighting the following lines: economics of taxation, public regulation, fiscal federalism, poverty and inequality, and public economic evaluation. He has published numerous articles in scientific journals on taxation and the environment, including Spanish Review of Public Economics, Información Comercial Española, Service Industries Journal, Review of Economics of the Household, Estudios de Economía Aplicada, International Journal of Innovation and regional Development. . He has been a researcher in projects and contracts with various entities such as the Institute of Fiscal Studies, Social Security, Generalitat Valenciana, IVIE and La Caixa Foundation.

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Published

2024-01-24

Issue

Vol. 58 (2024): Issue 58

Section

Artículos

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