Wealth taxation and evasion: Quasi-experimental evidence from Colombia

Grant description:

This study leverages administrative data from Colombia to estimate the impact of wealth taxes on reported wealth and on the use of tax-evasion strategies. In addition, Londoño-Vélez examines the impact of the Panama Papers, which sparked a change in public knowledge about tax evasion, on reported wealth. These results will help establish an evidence base on which to make the case for reforms to the taxation of capital income, and inform academics and policymakers on the appropriate role of wealth taxation in that mix.