Reference : Public support for tax policies in COVID-19 times: Evidence from Luxembourg
E-prints/Working papers : Already available on another site
Social & behavioral sciences, psychology : Sociology & social sciences
Business & economic sciences : Economic systems & public economics
Business & economic sciences : Social economics
http://hdl.handle.net/10993/49237
Public support for tax policies in COVID-19 times: Evidence from Luxembourg
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Olivera, Javier [> >]
van Kerm, Philippe mailto [University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Social Sciences (DSOC) >]
19-Nov-2021
Luxembourg Institute of Socio-Economic Research
LISER Working Papers
No
Esch/Alzette
Luxembourg
[en] COVID-19 ; wealth tax ; income tax ; VAT ; preference for redistribution
[en] We study attitudes towards the introduction of hypothetical new taxes to finance the cost of the COVID-19 pandemic. We rely on survey data collected in Luxembourg in 2020. The survey asks for the agreement of respondents over: a one-time net wealth tax, an inheritance tax, a temporary solidarity income tax, and a temporary increase in VAT. All questions include different and randomly assigned tax attributes (tax rates and exemption amounts). We find a clear divide with relativelyhigh support for new wealth and inheritance taxes on the one hand and a low support for increases in VAT and income taxes on the other hand. While 58% of respondents agree or strongly agree with a one-time tax levied on net worth, only24% are in favor of a small increase in VAT. Support for any tax is however negatively associated with the size of the tax as measured by the predicted revenues. Our results indicate that a one-time wealth tax could raise substantial revenues andstill garner public support.
Fonds National de la Recherche - FnR
Researchers
http://hdl.handle.net/10993/49237
https://ideas.repec.org/p/irs/cepswp/2021-10.html
https://ideas.repec.org/p/irs/cepswp/2021-10.html

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