Robin Boadway, Pierre Pestieau

An Annual Wealth Tax: Pros and Cons

Rubrik: Articles
FinanzArchiv (FA)

Jahrgang 77 () / Heft 4, S. 408-429 (22)
Publiziert 20.12.2021

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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.

Robin Boadway Keine aktuellen Daten verfügbar.

Pierre Pestieau Keine aktuellen Daten verfügbar.