Stevanato, Dario
Should inheritance be taxed as income? electrónico / Dario Stevanato .-- , 2021
Disponible únicamente en formato electrónico a través de la Biblioteca del IEF.
Many have advocated the taxation of bequests and gifts as income in order to achieve substantial revenues from unearned wealth and address inequality. There are, though, many drawbacks to the idea of taxing inheritance as part of the beneficiary's income. Even for those who claim the inclusion of inherited wealth in the beneficiary's income tax base, the features of the current taxes on gratuitous transfers should be retained. High tax exemption thresholds, annual exemptions for small gifts, medical expenses and transfers to spouses, tax deferral for illiquid assets and so forth would continue to apply to inherited wealth, notwithstanding their inclusion in the income tax base. In the author's opinion, the foregoing is a serious argument against including inheritances in the concept of taxable income.
HERENCIA
IMPUESTOS
EXENCIONES TRIBUTARIAS
RENTA
World Tax Journal v. 13, n. 4, 2021
Should inheritance be taxed as income? electrónico / Dario Stevanato .-- , 2021
Disponible únicamente en formato electrónico a través de la Biblioteca del IEF.
Many have advocated the taxation of bequests and gifts as income in order to achieve substantial revenues from unearned wealth and address inequality. There are, though, many drawbacks to the idea of taxing inheritance as part of the beneficiary's income. Even for those who claim the inclusion of inherited wealth in the beneficiary's income tax base, the features of the current taxes on gratuitous transfers should be retained. High tax exemption thresholds, annual exemptions for small gifts, medical expenses and transfers to spouses, tax deferral for illiquid assets and so forth would continue to apply to inherited wealth, notwithstanding their inclusion in the income tax base. In the author's opinion, the foregoing is a serious argument against including inheritances in the concept of taxable income.
HERENCIA
IMPUESTOS
EXENCIONES TRIBUTARIAS
RENTA
World Tax Journal v. 13, n. 4, 2021