Article (Scientific journals)
An Annual Wealth Tax: Pros and Cons
Pestieau, Pierre; Boadway, Robin
2021In Finanz-Archiv
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Keywords :
wealth taxation; capital income tax; wealth transfer tax
Abstract :
[en] We explore the case for a wealth tax as part of the tax mix. Annual wealth taxes are roughly equivalent to capital income taxes on the assets to which they apply. Wealth taxes differ in purpose from inheritance taxes which are useful adjuncts to income taxes. We recount the arguments for taxing capital income, and for taxing inheritances regardless of whether capital income is taxed. We argue that if the desire to tax asset income and wealth transfers is appropriately addressed by capital income and inheritance taxation, the additional need for an annual wealth tax is minimal.
Disciplines :
Economic systems & public economics
Author, co-author :
Pestieau, Pierre  ;  Université de Liège - ULiège > HEC Liège > HEC Liège
Boadway, Robin
Language :
English
Title :
An Annual Wealth Tax: Pros and Cons
Publication date :
2021
Journal title :
Finanz-Archiv
ISSN :
0015-2218
eISSN :
1614-0974
Publisher :
Mohr Siebeck, Tuebingen, Germany
Peer reviewed :
Peer Reviewed verified by ORBi
Available on ORBi :
since 13 December 2021

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