The Resource Too rich to rein in? The under-utilised wealth tax base

Too rich to rein in? The under-utilised wealth tax base

Label
Too rich to rein in? The under-utilised wealth tax base
Title
Too rich to rein in? The under-utilised wealth tax base
Creator
Subject
Language
eng
Summary
Taxes on wealth have never been as popular or widespread as taxes on the other two major tax bases - income and expenditure. Virtually every country around the world uses income taxes and most also use expenditure taxes. These two tax bases account for the vast majority of tax revenue for most countries. On the other hand, wealth taxes, where they do exist, account for relatively small amounts of total tax revenue. This article considers the use - or more often the under-use - of wealth taxes in developed and developing countries. It includes a discussion of different forms of wealth taxation together with the theoretical underpinnings and the practical problems that can arise when such taxes are implemented. Trends in different types of jurisdiction are analysed and both country-specific and more universal wealth tax policy changes are identified. Finally, some thoughts on the likely future policy directions in wealth taxation are presented
Citation source
In: eJournal of Tax Research. - Sydney. - Vol. 11 (2013),
http://library.link/vocab/creatorName
  • Chatalova, N
  • Evans, C
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • tax policy
  • wealth tax
  • tax base
Label
Too rich to rein in? The under-utilised wealth tax base
Instantiates
Publication
Label
Too rich to rein in? The under-utilised wealth tax base
Publication

Library Locations

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