Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/228394 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
EUROMOD Working Paper No. EM17/19
Verlag: 
University of Essex, Institute for Social and Economic Research (ISER), Colchester
Zusammenfassung: 
Western countries' income tax systems exempt the return from investing in owner-occupied housing. Returns from other investments are instead taxed, thus distorting households' portfolio choices, although it is argued that housing property taxation might act as a counterbalance. Based on data drawn from the Statistics of Income and Living Conditions and the UK Family Resources Survey, and building on tax-benefit model EUROMOD, we provide novel evidence on the interplay of income and property taxation in budgetary, efficiency and equity terms in eight European countries. Results reveal that, even accounting for recurrent housing property taxation, a sizeable 'homeownership bias' i.e. a lighter average and marginal taxation for homeownership investment, is embedded in current tax systems, and displays heterogeneous distributional profiles across different countries. Housing property taxation represents only a partial correction towards neutrality.
Schlagwörter: 
Homeownership investment
tax neutrality
income tax
property tax
distributional effect
Europe
microsimulation
JEL: 
D31
H23
I31
I32
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
457.91 kB





Publikationen in EconStor sind urheberrechtlich geschützt.