Download This PaperA Note on the Cost of Collecting Wealth Taxes
14 Pages Posted: 21 Oct 2014 Last revised: 12 Nov 2014
Date Written: November 11, 2014
Abstract
We use a CAPM model to estimate the cost of collecting wealth taxes from private Norwegian owners. The cost consists of foregone investment opportunities due to higher required returns on equity. For listed firms, the cost is zero. For non-listed firms, it amounts to more than 250% of the tax revenue.
Keywords: wealth tax, risk-taking, cost, revenue
JEL Classification: G18, H25, M48
Suggested Citation: Suggested Citation
Johnsen, Thore and Lensberg, Terje, A Note on the Cost of Collecting Wealth Taxes (November 11, 2014). Available at SSRN: https://ssrn.com/abstract=2512663 or http://dx.doi.org/10.2139/ssrn.2512663
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.