BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//jEvents 2.0 for Joomla//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
BEGIN:VEVENT
UID:dff31dd6cd90bf52d3c3493d7ee8a317
CATEGORIES:Seminars
CREATED:20260902T064930
SUMMARY:Lunch Seminar: Emanuele Dicarlo - Bank of Italy
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Jeux sans frontières: Taxed Abroad, Served at Home. Cross-border Workers an
 d the Municipal Budget\nAbstract:\nUnder a 1974 bilateral agreement, cross-
 border workers living within 20 km of the Swiss border earn and pay income 
 tax in Switzerland, but live, spend and use public services in Italy. We st
 udy the Italian municipalities along the border, where the 2002 EU–Switzerl
 and free-movement agreement made the exemption bite: commuting from the eli
 gible belt almost quadrupled. Using distance-band event studies and a kinke
 d gradient at the 20 km line, we find that where the shock is largest the i
 ncome-tax base leaves with the commuters while residents stay, and the loss
  is absorbed by a growing property-tax base, with no change in tax rates. T
 otal revenues do not fall: they rise, and the more so the closer to the bor
 der. Policy responds instead at the outer edge of the belt: municipalities 
 cut the tax on residence where residents are still mobile and new ones may 
 be attracted.\n
DTSTAMP:20261111T004820Z
DTSTART:20261113T130000Z
DTEND:20261113T140000Z
SEQUENCE:0
TRANSP:OPAQUE
END:VEVENT
END:VCALENDAR