par Hemmelgarn, Thomas;Nicodème, Gaëtan ;Zangari, Ernesto
Référence Taxation and the Financial Crisis, Oxford University Press
Publication Publié, 2012-05
Partie d'ouvrage collectif
Résumé : The 2008 financial crisis has been the worst economic crisis since the Great Depression of 1929. It has been characterized by a housing bubble in a context of rapid credit expansion, high risk-taking, and exacerbated financial leverage, ending in deleveraging and a credit crunch when the bubble burst. This chapter discusses the interactions between housing tax provisions and the financial crisis. In particular, it reviews the existing evidence on the links between capital gains taxation of houses, interest mortgage deductibility, and characteristics of the crisis.