000			01595nab a2200277 c 4500
999			_c140973 _d140973
003			ES-MaIEF
005			20230614140854.0
007			ta
008			190809s2019 uk ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_967394 _aCappelletti, Giuseppe
245		0	_aTax deferral and mutual fund inflows _bevidence from a quasi - natural experiment _c Giuseppe Cappellatti, Giovanni Guazzarotti and Pietro Tommasinos
260			_c2019
500			_aResumen
504			_aBibliografía.
520			_aWe propose a new method to identify the impact of a change in the tax burden on mutual fund inflows. We use quasi‐experimental data from Italy where, starting from July 2011, the tax regime for domestic mutual funds was changed from an accruals basis to a realisation basis, while the taxation of foreign funds remained on a realisation basis. We find that the reform has had a positive effect on net inflows of Italian funds (the treated group) with respect to foreign funds (the control group). The effect is both economically and statistically significant. Moreover, there is no evidence that the increase in the demand for Italian funds came at the expense of foreign funds.
650			_aIMPUESTOS _947460
650		4	_948102 _aPRESION FISCAL
650		4	_944386 _aFONDOS DE INVERSION
650		4	_947518 _aITALIA
700	1		_967395 _aGuazzarotti, Giovanni
700			_959295 _aTommasino, Pietro
773	0		_9160756 _oOP 1472/2019/2 _tFiscal Studies _w(IEF)55561 _x 0143-5671 [papel] _g v. 40, n. 2, June 2019, p. 211-237
942			_cART