The costs of administering a wealth tax electrónico David Burgherr
By: Burgherr, David
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Material type: 
ArticleSubject(s): IMPUESTO SOBRE EL PATRIMONIO | RIQUEZA | RENTAS ALTAS | IMPUESTOS | COSTOS | ADMINISTRACION TRIBUTARIA | CONTRIBUYENTES | REINO UNIDO
In:
Fiscal Studies v. 42, issue 3-4, September-December 2021, p.677-697Summary: I assess the costs of administering a wealth tax for taxpayers and the tax authority in the UK context, based on evidence from existing UK taxes on wealth and comprehensive wealth taxes that have been imposed in other countries. My central estimate is that a well-designed wealth tax generates costs to taxpayers of 0.1 per cent of taxable wealth and costs to the tax authority of 0.05 per cent of taxable wealth. I discuss how these costs depend on design choices. My findings can inform revenue modelling and help to evaluate the desirability of wealth taxes.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Recursos electrónicos | IEF | IEF | OP 1472/2021/3/4-9 (Browse shelf) | Available | OP 1472/2021/3/4-9 |
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| OP 1472/2021/3/4-6 Why were most wealth taxes abandoned and is this time different? | OP 1472/2021/3/4-7 Who should pay a wealth tax? | OP 1472/2021/3/4-8 Valuation for the purposes of a wealth tax | OP 1472/2021/3/4-9 The costs of administering a wealth tax | OP 1472/2022/1 Fiscal Studies | OP 1472/2022/1-1 Who does and doesn't pay taxes? | OP 1472/2022/1-2 Taxation of capital gains upon accrual |
Resumen.
Disponible en el en formato electrónico en el Repositorio de la Biblioteca del IEF.
I assess the costs of administering a wealth tax for taxpayers and the tax authority in the UK context, based on evidence from existing UK taxes on wealth and comprehensive wealth taxes that have been imposed in other countries. My central estimate is that a well-designed wealth tax generates costs to taxpayers of 0.1 per cent of taxable wealth and costs to the tax authority of 0.05 per cent of taxable wealth. I discuss how these costs depend on design choices. My findings can inform revenue modelling and help to evaluate the desirability of wealth taxes.
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