Person: Sanz Sanz, José Félix
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First Name
José Félix
Last Name
Sanz Sanz
Affiliation
Universidad Complutense de Madrid
Faculty / Institute
Ciencias Económicas y Empresariales
Department
Economía Aplicada, Pública y Política
Area
Economía Aplicada
Identifiers
17 results
Search Results
Now showing 1 - 10 of 17
Item Is the corporation tax a barrier to productivity growth?(Small Business Economics, 2020) Sanz Labrador, Ismael; Sanz Sanz, José Félix; Romero-Jordán, DesiderioEvidence shows that size matters in terms of productivity. Within this literature, this paper analyses whether corporation tax penalises the productivity growth of smaller enterprises (SEs) (< 20 workers). For this purpose, we use a sample of Spanish manufacturing companies for the period 1996 to 2009. Results show that corporation tax has a negative effect upon productivity growth in companies with the greatest profitability, whether large or small. However, in relative terms, this barrier is greater for SEs. The results therefore show that corporation tax prevents the SMEs in Spain from improving their low productivity.Item Revenue-maximizing tax rates in personal income taxation in the presence of consumption taxes: a note(Applied Economics Letters, 2016) Sanz Sanz, José FélixThis article computes revenue-maximizing tax rates in personal income taxes in the presence of consumption taxes. It finds that the traditional Laffer analysis, which neglects the effects of marginal tax rates on consumption, overestimates the magnitude of revenue-maximizing tax rates. The bias caused by this oversight is computed.Item Corporate Taxation and Productivity Catch-Up: Evidence from European firms(Scandinavian Journal of Economics, 2018) Gemmell, Norman; Kneller, Richard; McGowan, Danny; Sanz, Ismael; Sanz Sanz, José FélixIn this paper, we explore whether higher corporate tax rates, because they lower the after-tax returns to productivity-enhancing investments, reduce the speed with which small firms converge to the productivity frontier. Using data for 11 European countries, we find evidence that their productivity catch-up is slower when the statutory corporate tax rates are higher. In contrast, we find that large firms are instead affected by effective marginal rates. Using the reduced-form model of productivity convergence of Griffith et al. (2009, Journal of Regional Science 49, 689–720), our results are robust to a host of robustness checks and a natural experiment that exploits the 2001 German tax reforms.Item Consumption tax revenue and personal income tax: analytical elasticities under non-standard tax structures(Applied Economics Letters, 2016) Sanz Sanz, José Félix; Castañer Carrasco, Juan Manuel; Romero Jordán, DesiderioThis article models the elasticity of consumption taxation faced with changes in disposable income. Its calculation makes clear the importance of the design of the personal income tax and of the changes caused to the consumption of taxpayers. The modelling is performed for both individual taxpayers and the population as a whole.Item Assessing tax reforms through the elasticity of reported income: an empirical analysis for Spain(Applied Economics, 2019) Arrazola-Vacas M.; de Hevia-Paya J.; Sanz Sanz, José FélixThis paper demonstrates the usefulness of the elasticity of reported income to assess tax reforms from the perspectives of tax revenue and well-being. Employing different identification strategies, evidence is provided of the value of the elasticity of gross reported income in Spain, and, based on this elasticity, a detailed assessment is made of the impact of the increase in marginal tax rates, which the Spanish government approved in 2012. We use microdata from the Taxpayers Panel of the Institute for Fiscal Studies. The mean value of this elasticity for Spain is 0,363, with considerable heterogeneity depending on taxpayers’ characteristics.Item Efficacy of the tobacco tax policy in the presence of product heterogeneity: A pseudo-panel approach applied to Spain(Health Policy, 2019) Burguillo Mercedes; Romero-Jordán Desiderio; Sanz-Sanz José Félix; Sanz Sanz, José FélixThis paper focuses on the substitution effects between different commercial presentations of tobacco in Spain. Concretely, on cigarettes, cigars and RYO. When taxing policies increase tobacco prices, these effects might lead to changes from more expensive to cheaper products instead of reducing tobacco consumption. We use micro-data for the years 2006 -2012. We estimate a complete model of demand. The own-price, the income and the cross elasticity of each good are estimated. The results show that the price elasticity of cigarettes is low, and the income elasticity of demand for cigarettes is very low. Thus, in Spain, smokers continue to buy cigarettes when the price of cigarettes increases and when consumers’ income declines. Moreover, the substitutability relationship of cigarettes for cigars and RYO is weak. Thus, cigarette smokers in Spain are loyal to this product and consider it a normal good. Moreover, cigar consumption presents high own-price and income elasticities, so cigars are luxury goods. Thus, unlike cigarettes, cigar sales fall when cigar prices rise or cigar consumers’ income falls. Finally, RYO and cigarettes are substitute goods and RYO and cigars are not substitute ones. That means that RYO and cigarettes can satisfy the same need; then, to satisfy it, the consumers can use almost indistinctly one or the other. This is not the case between RYO and cigars.Item The new public transport pricing in Madrid Metropolitan Area: A welfare analysis(Research in Transportation Economics, 2017) Burguillo, Mercedes; Romero Jordán, Desiderio; Sanz Sanz, José FélixIn a context of economic crisis, the amount of the demand public transport subsidies in Madrid has been reduced to control the level of public deficit. This has implied a worsening of public service quality and an increase of public transport prices. Using the Spanish Household Survey, this paper analyses the impact on welfare generated by the increase of public transport prices in 2008e2012. For this price and income elasticities have been computed using an LA/AIDS model. Price public transport elasticities are low (around 0.1%) and only significant for the years of the highest price increase. Fuel is substitutive for public transport with a cross-price elasticity of 0.25% and the other goods consumption is almost independent of the consumption of public transport with a cross-price elasticity of 0.06%. The results of income elasticies prove that public transport is a normal good. Results show that this new policy has harmed with a similar impact, low and medium income households. Those households have supported an average loss of welfare of 3.66% of their income. The welfare loss supported by the richest households is 1.5% of their income, which represents only a 40% of the average costs supported by the rest of households.Item The Laffer curve in schedular multi-rate income taxes with non-genuine allowances: An application to Spain(Economic Modelling, 2016) Sanz Sanz, José FélixThis paper models the connection between tax revenue and marginal tax rates in modern personal income taxes. In so doing, new analytical expressions for the elasticity of tax revenue to tax rates are derived taking into account global and schedular income taxes in the presence of non-standard allowances. Based on these new analytical elasticities the implicit Laffer curve is characterised and explored in detail. Calculations are performed for the individual taxpayer and the aggregate population. When applied to microdata, the model permits us to locate individually the position of every taxpayer on the entire range of the Laffer curve as well as to characterise the “representative” aggregate Laffer curve. The utility of the model to forecast revenue is illustrated by applying it to Spanish personal income tax. The model confirms that the Laffer curve is essentially an intrinsic individual matter although a virtual aggregate Laffer curve for the whole population can be inferred.Item Fiscalidad y empleo en España(1994) Gonzalez Páramo, José Manuel; Sanz Sanz, José FélixEste artículo pretende ofrecer los elementos básicos de tipo descriptivo, conceptual y empírico sobre los que sustanciar una discusión ordenada acerca del papel que juegan los impuestos en el mercado de trabajo. La Sección 2 comienza con una definición amplia de la fiscalidad sobre el factor trabajo, para pasar a describir las principales tendencias que ésta ha registrado entre 1980 y 1992 en los países desarrollados -OCDE y UE- y en España. La Sección 3 examina desde un punto de vista teórico las principales consecuencias económicas de los impuestos sobre el factor trabajo. Para ello, definiremos previamente la "cuña impositiva sobre el trabajo", concepto muy útil como medida sintética de las distorsiones que los impuestos introducen en el mercado de trabajo. En la Sección 4 se calculan las cuñas impositivas para España y para otros países desarrollados para los años 1979, 1983, 1987 Y 1992, con el fín de ilustrar la magnitud relativa de las distorsiones fiscales en las decisiones de oferta de trabajo y de empleo. La Sección 5 ofrece una breve síntesis de la evidencia empírica disponible para la economía española sobre la relación entre impuestos y empleo. La Sección 6 resume las principales conclusiones.Item The relative revenue power of the marginal tax rates in personal income tax schedules: the Revenue Equivalent Marginal Rate Increase (REMI)(Applied Economics Letters, 2020) Sanz Sanz, José FélixThis paper aims to explore how the revenue power of the marginal tax rates in personal income tax rate schedules can be computed. Analytical expressions to measure the relative revenue effectiveness of marginal tax rates are provided. These expressions distinguish between mechanical and behavioural components as well as differentiate genuine allowances from non-genuine allowances. Finally, an empirical application to Spanish tax return microdata is provided.