The economic arguments for and against a wealth tax electrónico Stuart Adam, Helen Miller
By: Adam, Stuart
.
Contributor(s): Miller, Helen.
Material type: 
ArticleSubject(s): IMPUESTO SOBRE EL PATRIMONIO | RIQUEZA | RENTAS ALTAS | IMPUESTOS | ASPECTOS ECONOMICOS | REINO UNIDO
In:
Fiscal Studies v. 42, issue 3-4, September-December 2021, p. 457-483Summary: This paper asks when a wealth tax would, in principle, be a desirable part of the tax system, setting aside the practicalities and politics that would be crucial in reality. The case for a one-off wealth tax is simple. If it were unexpected and credibly one-off – a major challenge in practice – this would be an efficient way to raise revenue and could be used to address existing wealth inequality. Whether such a tax is desirable hinges on whether it is considered fair, about which reasonable people will differ. Making the case for an annual wealth tax, which would affect future wealth accumulation as well as existing wealth, is less straightforward. It requires explaining why it is better to tax the same wealth every year – penalising those who save – rather than raising the same revenue by taxing all sources of wealth once when they are received (and/or when they are spent).
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Recursos electrónicos | IEF | IEF | OP 1472/2021/3/4-3 (Browse shelf) | Available | OP 1472/2021/3/4-3 |
Browsing IEF Shelves Close shelf browser
| No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | ||
| OP 1472/2021/3/4-1 Special issue on a wealth tax | OP 1472/2021/3/4-10 Revenue and distributional modelling for a UK wealth tax | OP 1472/2021/3/4-2 Public attitudes to a wealth tax | OP 1472/2021/3/4-3 The economic arguments for and against a wealth tax | OP 1472/2021/3/4-4 Ways of taxing wealth | OP 1472/2021/3/4-5 Behavioural responses to a wealth tax | OP 1472/2021/3/4-6 Why were most wealth taxes abandoned and is this time different? |
Resumen.
Disponible en el en formato electrónico en el Repositorio de la Biblioteca del IEF.
This paper asks when a wealth tax would, in principle, be a desirable part of the tax system, setting aside the practicalities and politics that would be crucial in reality. The case for a one-off wealth tax is simple. If it were unexpected and credibly one-off – a major challenge in practice – this would be an efficient way to raise revenue and could be used to address existing wealth inequality. Whether such a tax is desirable hinges on whether it is considered fair, about which reasonable people will differ. Making the case for an annual wealth tax, which would affect future wealth accumulation as well as existing wealth, is less straightforward. It requires explaining why it is better to tax the same wealth every year – penalising those who save – rather than raising the same revenue by taxing all sources of wealth once when they are received (and/or when they are spent).
Click on an image to view it in the image viewer
There are no comments for this item.