One?off wealth taxes: theory and evidence
نویسندگان
چکیده
In periods where the national public debt has grown rapidly beyond ‘normal’ levels, idea of drawing on stock private wealth in order to pay down that debt, whether whole or part, gained currency. ‘Capital levies’ ‘one-off taxes’ involve a one-time charge based upon wealth, normally assessed across broad range asset classes (such as savings, investments, property and pensions). The goal this paper is outline, expand upon, evidence base available policymakers contemplating one-off taxes. It outlines key features taxes, relative somewhat more commonplace recurring Using comparative case study methodology, analyses historical examples taxation, which have attracted relatively little scholarly attention date. explores practical details tax design administration, well aspects political economic context these measures were introduced. so doing, it identifies factors make taxes less likely succeed raising revenue while also minimising any negative social consequences.
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ژورنال
عنوان ژورنال: Fiscal Studies
سال: 2021
ISSN: ['0143-5671', '1475-5890']
DOI: https://doi.org/10.1111/1475-5890.12277