70816 20191122145055.0 doi 10.1111/j.1475-5890.2017.12147 sideral 99449 ART-2018-99449 eng (orcid)0000-0002-1539-8483 López Laborda, Julio Universidad de Zaragoza Income shifting in the Spanish dual income tax 2018 Access copy available to the general public Unrestricted Based on a model of behavioural response to taxes, and using the Taxpayers Panel of the Institute of Fiscal Studies for the period 1999–2009, we analyse whether the dual nature of the Spanish Personal Income Tax (PIT), reinforced by the reform of the year 2007, has influenced taxpayers’ behaviour, causing them to convert part of their “general income” (from labor, real estate or economic activities) into “savings income” (from movable capital or capital gains). We also extend the analysis of income shifting and study whether Spanish taxpayers also responded to the different tax treatment given to the two types of savings income (movable capital and capital gains) until 2007, transforming savings income from one type to another. The results of our study demonstrate three facts. First, Spanish taxpayers did respond to the different tax rates, shifting income from the general base to different forms of savings, especially capital gains. The highest-income individuals and the self-employed and business owners are the groups where this behaviour was most marked. Second, self-employed and business owners also turned income from movable assets into capital gains, guided by their different tax rates. And third, we have found signs of “anticipation” and “learning” effects caused by the 2007 tax reform. We believe that the results obtained will enrich the growing literature on income shifting. info:eu-repo/grantAgreement/ES/MINECO/ECO2016-76506-C4-3-R info:eu-repo/semantics/openAccess All rights reserved http://www.europeana.eu/rights/rr-f/ 1.164 2018 ECONOMICS 192 / 363 = 0.529 2018 Q3 T2 BUSINESS, FINANCE 69 / 103 = 0.67 2018 Q3 T3 0.625 2018 Accounting 2018 Q2 Finance 2018 Q2 Economics and Econometrics 2018 Q2 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion (orcid)0000-0002-2542-4956 Vallés Giménez, Jaime Universidad de Zaragoza (orcid)0000-0002-5525-4556 Zárate Marco, Ana Isabel Universidad de Zaragoza 4008 225 Universidad de Zaragoza Dpto. Estruc.Hª Econ.y Eco.Pb. Área Economía Aplicada 39, 1 (2018), 95-120 Fisc. stud. FISCAL STUDIES 0143-5671 410616 http://zaguan.unizar.es/record/70816/files/texto_completo.pdf Postprint 68617 http://zaguan.unizar.es/record/70816/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:70816 articulos driver 2019-11-22-14:45:20 ARTICLE