• Medientyp: E-Book
  • Titel: Who do you blame in local finance? : an analysis of municipal financing in Italy
  • Beteiligte: Bordignon, Massimo [Verfasser:in]; Grembi, Veronica [Verfasser:in]; Piazza, Santino [Verfasser:in]
  • Erschienen: Milano, Italy: Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, [2015]
  • Erschienen in: Working paper series ; 35
  • Umfang: 1 Online-Ressource (circa 44 Seiten); Illustrationen
  • Sprache: Englisch
  • Identifikator:
  • Schlagwörter: Gemeindesteuer ; Steuerpolitik ; Neue politische Ökonomie ; Finanzbeziehungen ; Theorie ; Italien ; Fiscal federalism ; Tax transparency ; Agency Model ; Property tax ; Graue Literatur
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  • Anmerkungen:
  • Beschreibung: In a political agency model, we study the effect of introducing a less transparent tax tool for the financing of local governments. We show that lower quality politicians would use more the less transparent tax tool to enhance their probability of re-election. This prediction is tested by studying a reform that in 1999 allowed Italian municipalities to partially substitute a more accountable source of tax revenue (the property tax) with a less transparent one (a surcharge on the personal income tax of residents). Using a Difference in Difference approach, we show that in line with theory, Mayors at their first term in power adopted a higher surcharge on the personal income tax and reduced the property tax rate significantly more than Mayors in their final term..
  • Zugangsstatus: Freier Zugang