Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/250127 
Year of Publication: 
2021
Series/Report no.: 
Discussion Papers No. 960
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
Over the past decade, the question of whether and how to tax household wealth has risen to the forefront of policy debates across the world. Norway belongs to only a handful of countries that (still) levy an annual net wealth tax. We exploit rich Norwegian administrative data to perform descriptive analyses that address questions at the focal point of the wealth tax debate. We discuss how the taxation of wealth fits in with the personal income tax. We further investigate the redistributional effects of wealth taxation and explore the extent to which wealth taxation may cause adverse liquidity effects for private firms. Finally, we consider the effects of wealth taxation on charitable giving. Taken together, we see the evidence presented here as not weakening the case for upholding the tax: we find favorable distributional effects and the efficiency losses appear to be limited.
Subjects: 
Wealth tax
administrative data
distributional effects
efficiency loss
JEL: 
H21
H23
H25
H31
Document Type: 
Working Paper

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