Wealth transfer taxation: a survey
نویسندگان
چکیده
The purpose of this paper is to survey the theoretical literature on wealth transfer taxation. The focus is normative: we are looking at the design of an optimal tax structure from the standpoint of both equity and efficiency. The gist of this survey is that the optimal design closely depends on the assumed bequest motives. Alternative bequest motives are thus analyzed either in isolation or combined. JEL Classification: H20, H21, D91, D64. Helmuth Cremer University of Toulouse I IDEI-Professor-Manufacture des Tabacs Bat.F-21, Allée de Brienne 31000-Toulouse France [email protected] Pierre Pestieau Université de Liège Department of Economics 7 Boulevard de Rectorat 4000 Liège Belgium [email protected] We are grateful to Ravi Kanbur and S. Ch. Kolm for suggestions.
منابع مشابه
Optimal Government Spending and Taxation in Three-Sector Endogenous Growth Model-Case Iran
The recent literature on taxation and growth has stressed the optimality of a zero long-run taxation on all accumulative factors of production. For a given path of government spending, the optimal tax plan requires the government to build up a positive stock of public wealth in the short run in the long-run, government spending can be financed with the income accruing from the management of the...
متن کاملReducing Inequality: Taxation and Philanthropy in China and the United States
wealth has affected how the very rules of both societies are shaped, and has created disproportionately greater opportunities for those with substantial wealth. This paper considers taxation and philanthropy as possible means for reducing inequality. In analyzing policies on taxation and philanthropy, this paper concludes that despite limitations and unintended consequences, under the current s...
متن کاملComment on McCready and Maloney on wealth taxation
The line between normative and positive economic analysis is, supposedly, a sharp one. The former allows for value judgments, thc latter does not. This distinction is mentioned in all basic texts in our profession, and in all introductory courses. Then, all too often, such as in the prcsent cases, it is promptly forgotten. The profession ofeconomics, in the main, pays lip service to this bifurc...
متن کاملFraming the tax and health nexus: a neglected aspect of public health concern.
Previous studies have described various associations between tax policy and health. Here we propose a unifying conceptual framework of 'Five R's' to stimulate awareness about the importance of tax to health improvement. First, tax can improve representation and democratic accountability, and help make governments more responsive to the needs of its citizens. Second, tax can create a revenue str...
متن کاملThe Vanishing Bequest Tax: The Comparative Evolution of Bequest Taxation in Historical Perspective
The Vanishing Bequest Tax: The Comparative Evolution of Bequest Taxation in Historical Perspective Several countries have recently abolished or significantly reduced their taxes on bequests. Bequest taxes, on the other hand, were among the first to be introduced when modern systems of taxation were developed at the end of the nineteenth century. We propose an explanation for these facts which i...
متن کامل