Business is booming.

Inheritance tax: a contentious levy ripe for reform?

429


You can enable subtitles (captions) in the video player

Where do you stand on inheritance tax, levied by the government against your wealth after you die? For some it’s an unfair double charge on assets built up over a lifetime of paying income tax. For others it’s a force for good working to reduce wealth inequality fueled by family money. Either way, inheritance tax is controversial, especially considering it’s a minnow in tax terms.

A 2021 OECD report says it accounts for just 0.5 per cent of total tax revenues across those countries that levy it. But that may be set to change as governments are laden with public debt following the pandemic eye inheritance tax increases to help rebuild their coffers. Meanwhile, current systems are struggling.

The OECD says wealth inequality is rising in most developed countries. And an increasing proportion of individual wealth, as much as 60 per cent in the UK and the US, is inherited. There are established ways for well-off families to sidestep inheritance tax. Low-tax havens are an obvious destination for their money. The richest 0.01 per cent of people own half of tax haven wealth, according to the OECD. They can also exploit generous tax breaks on family businesses, for example, agricultural land, and gifts made during the donor’s lifetime.

The OECD says inheritance taxes are valuable for raising revenue and fighting wealth inequality. But it calls for significant reforms to make the tax fairer, more effective, and broader based. Rather than levying the tax on the estate, it wants to see the tax levied on recipients, as already happens in some EU states. That way the tax reflects the financial situation of those receiving the wealth.

It suggests lifetime gifts should also be taxed, to reflect the passing on of family money through the years, though this could be both unpopular and difficult to administer. It also favours closing loopholes and making the tax progressive so that the wealthiest really do pay the most. For the wealthy, it’s worth studying the report and understanding the deep policy differences between countries. But be warned, cash-strapped post-pandemic governments are likely to have inheritance taxes in their sights.



Source link

429 Comments
  1. 카지노사이트 says

    This piece of writing is actually a pleasant one it helps new the web users,
    who are wishing in favor of blogging.

    my page … 카지노사이트

  2. 바카라사이트추천 says

    Hmm it seems like your site ate my first comment (it was extremely long)
    so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog.

    I too am an aspiring blog blogger but I’m still new to the whole thing.
    Do you have any suggestions for first-time blog writers?
    I’d genuinely appreciate it.

    My web-site 바카라사이트추천

  3. ks quik says

    ทางเราจำหน่าย kardinal stick , ks quik , ks kurve ต้องขอบอกได้เลยว่า kardinalstealththailand.com เป็นตัวแทนหลักอย่างเป็นทางการในไทย ที่ใหญ่ที่สุด และเป็นเจ้าเดียวกับ RELX THAILAND
    สินค้าทุกแบรนด์ ทุกรุ่น เราได้ทำการคัดสรร บุหรี่ไฟฟ้า ที่เป็นหนึ่งในนวัตกรรม ช่วยเลิกบุหรี่ ที่มีประสิทธิดีเยี่ยม และช่วยได้จริง มาให้ลูกค้าได้เลือกใช้ โดยสินค้าทุกชิ้นของเรา
    สั่งตรงจากโรงงาน

  4. seo pricing uk says

    %%

    my web blog :: seo pricing uk

  5. 홈카지노 says

    Hi would you mind sharing which blog platform you’re working with?
    I’m looking to start my own blog soon but I’m having a hard time making a decision between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your layout seems different then most blogs and I’m looking for something unique.
    P.S Apologies for getting off-topic but I had to ask!

    Feel free to surf to my site … 홈카지노

  6. 뉴헤븐카지노 says

    Aw, this was a really good post. Finding the time and actual effort to generate a really good article… but
    what can I say… I procrastinate a whole lot and don’t manage to get anything done.

    My blog post :: 뉴헤븐카지노

  7. turkey treatment price says

    I was wondering if you ever thought of changing the page layout of your blog?
    Its very well written; I love what youve got to say.
    But maybe you could a little more in the way of content so people could connect with it better.
    Youve got an awful lot of text for only having 1 or 2
    pictures. Maybe you could space it out better?

  8. fertility says

    Yesterday, while I was at work, my sister stole my iPad and tested to see if it can survive a 40 foot
    drop, just so she can be a youtube sensation. My apple ipad is now broken and she has 83 views.
    I know this is totally off topic but I had to share it with someone!

  9. 핑카지노추천 says

    After I initially commented I appear to have clicked on the -Notify me when new comments are added- checkbox and from now on each time a comment is added I recieve four emails with
    the exact same comment. There has to be an easy method you can remove me from
    that service? Many thanks!

    My web page – 핑카지노추천

  10. เว็บคาสิโนออนไลน์ says

    928BET.PRO เว็บคาสิโนออนไลน์ ที่ได้รับมาตราฐานเป็นสากลได้รับการยอมรับจากทั่วโลก
    ว่ามีความปลอดภัยในด้านของการเงิน และ บัญชี เดิมพันได้อย่างปลอดภัยกว่าที่ออื่น รับประกันความเร้าใจตลอดการเล่นแน่นอน พร้อมทั้งมีทีมงานฝ่ายซัพพอร์ต ที่จะคอยให้คำแนะนำกับผู้เล่น ผ่านแชทไลน์ตลอด 24 ชั่วโมง สนุกครบจบในเว็บเดียว

  11. 우리카지노계열 says

    Keep this going please, great job!

    My page; 우리카지노계열

  12. buy essential oil says

    Useful info. Lucky me I found your web site by chance, and I am
    shocked why this accident did not came about earlier!

    I bookmarked it.

  13. first dating ideas says

    Everything is very open with a clear description of the challenges.
    It was truly informative. Your site is very helpful.
    Many thanks for sharing!

  14. Pega business architect says

    Hi it’s me, I am also visiting this site daily, this web site is truly
    good and the people are truly sharing nice thoughts.

  15. steps to take when selecting a web host , says

    Nice respond in return of this question with solid arguments and telling everything
    regarding that.

  16. how to choose the best web hosting for your site says

    Thanks for the marvelous posting! I certainly enjoyed reading it, you happen to be a great author.I will remember
    to bookmark your blog and will often come back from now on. I want
    to encourage you to ultimately continue your great writing,
    have a nice day!

  17. custom cabinet makers says

    Hey! Would you mind if I share your blog with my facebook group?

    There’s a lot of folks that I think would really appreciate your content.
    Please let me know. Many thanks

  18. บทความความรู้ says

    Excellent post! We are linking to this particularly great post on our website.
    Keep up the great writing.

    Also visit my web blog; บทความความรู้

  19. madworld ost download says

    I really like reading through an article that can make
    people think. Also, many thanks for permitting me to comment!

  20. leci 123 says

    Hello! I understand this is kind of off-topic
    but I needed to ask. Does building a well-established website such as yours take a massive amount work?
    I am brand new to running a blog but I do write in my journal every day.
    I’d like to start a blog so I will be able to share my personal experience
    and feelings online. Please let me know
    if you have any kind of suggestions or tips for new aspiring bloggers.
    Appreciate it!

  21. click says

    Appreciate it! It a fantastic web page.
    click

  22. jso-muenchen.de says

    Excellent post! We will be linking to this great post
    on our website. Keep up the great writing.

  23. Hoa qua Daklak says

    Hi! Someone in my Myspace group shared this site with us so I
    came to look it over. I’m definitely enjoying the information. I’m book-marking and will
    be tweeting this to my followers! Great blog
    and fantastic design and style.

  24. Cửa hàng mắt kính says

    magnificent post, very informative. I’m wondering
    why the other experts of this sector don’t understand this.

    You should proceed your writing. I’m confident,
    you have a huge readers’ base already!

  25. crossborder says

    I think the admin of this site is genuinely working hard in favor of his website, for the reason that here every stuff is quality based data.

  26. pegapcba87v1, says

    Magnificent items from you, man. I’ve bear in mind your stuff prior to and you are simply extremely wonderful.
    I actually like what you have received here, really like what you are
    saying and the way in which by which you
    say it. You are making it entertaining and you continue to take care of to stay it smart.
    I can’t wait to read far more from you. That is actually a terrific web site.

  27. ข้อดีของAESeven says

    Greetings from Florida! I’m bored at work so I decided to browse your blog on my iphone during lunch break.

    I really like the info you present here and can’t wait to take a look when I get home.
    I’m amazed at how quick your blog loaded on my cell
    phone .. I’m not even using WIFI, just 3G .. Anyways, very good blog!

  28. دانلود آهنگ در مورد شهادت حضرت علی ع says

    An outstanding share! I have just forwarded this onto a colleague who was doing a little
    homework on this. And he actually ordered me dinner due to
    the fact that I stumbled upon it for him… lol. So let me reword this….
    Thanks for the meal!! But yeah, thanx for spending some time to talk
    about this subject here on your internet site.

  29. jso-muenchen.de says

    I pay a quick visit daily a few web pages and sites to read articles or reviews, however this weblog offers feature based posts.

  30. find cfa level 1 notes 2020 download says

    excellent post, very informative. I wonder why the other experts of
    this sector do not notice this. You should proceed your writing.
    I am sure, you’ve a great readers’ base already!

  31. mom and son porn says

    Thanks a bunch for sharing this with all of us you really
    understand what you’re talking approximately! Bookmarked.
    Kindly also consult with my website =). We may have a hyperlink exchange arrangement between us

  32. Oddigo says

    An outstanding share! I have just forwarded this onto a colleague who was doing a little homework on this.
    And he actually bought me dinner due to the fact that I found it for him…
    lol. So let me reword this…. Thanks for the meal!!
    But yeah, thanx for spending some time to discuss this
    subject here on your website.

  33. AnnaVow says
  34. Davidhix says
  35. Davidhix says
  36. Смотреть says
  37. DavisVom says
  38. DavisVom says
  39. MichaelDug says
  40. TommyrhisT says
  41. AmyVow says
  42. MichaelGaify says
  43. JackVow says
  44. TedVow says
  45. JimVow says
  46. UgoVow says
  47. CarlVow says
  48. TommyrhisT says
  49. TedVow says
  50. DenVow says
  51. SueVow says
  52. MichaelGaify says
  53. MiclPaype says
  54. UgoVow says
  55. PaulVow says
  56. Davidhix says
  57. DavisVom says
  58. DenVow says
  59. JackVow says
  60. TimothyUsess says
  61. JudyVow says
  62. JudyVow says
  63. MiaVow says
  64. MichaelOrdep says
  65. TeoVow says
  66. AshVow says
  67. JimVow says
  68. MarkVow says
  69. UgoVow says
  70. DavisVom says
  71. MarkVow says
  72. AmyVow says
  73. JasonVow says
  74. RodneyCanna says
  75. JimVow says
  76. BooVow says
  77. PaulVow says
  78. AnnaVow says
  79. EvaVow says
  80. WimVow says
  81. MiaVow says
  82. SueVow says
  83. Marvinirott says
  84. LisaVow says
  85. Michaelgep says
  86. KimVow says
  87. Davidhix says
  88. MichaelDug says
  89. AshVow says
  90. NickVow says
  91. BooVow says
  92. DavisVom says
  93. Davidhix says
  94. AnnaVow says
  95. ZakVow says
  96. AnnaVow says
  97. LisaVow says
  98. WimVow says
  99. EstebanCaf says
  100. SueVow says
  101. MichaelDug says
  102. BooVow says
  103. EstebanCaf says
  104. DenVow says
  105. DenVow says
  106. TeoVow says
  107. NickVow says
  108. JaneVow says
  109. CarlVow says
  110. Michaelgep says
  111. LisaVow says
  112. EstebanCaf says
  113. MichaelDug says
  114. DenVow says
  115. PaulVow says
  116. ZakVow says
  117. JasonVow says
  118. EstebanCaf says
  119. Curtisapoxy says
  120. Marvinirott says
  121. TedVow says
  122. RodneyCanna says
  123. MichaelGaify says
  124. CarlVow says
  125. JaneVow says
  126. YonVow says
  127. DavisVom says
  128. Davidhix says
  129. Elwoodnub says
  130. UgoVow says
  131. Elwoodnub says
  132. BooVow says
  133. JaneVow says
  134. MiclPaype says
  135. KiaVow says
  136. CharlesDor says
  137. Edgarlab says
  138. ZakVow says
  139. MichaelDug says
  140. MiaVow says
  141. JudyVow says
  142. TommyrhisT says
  143. DavisVom says
  144. Edgarlab says
  145. Marvinirott says
  146. CarlVow says
  147. TimothyUsess says
  148. Curtisapoxy says
  149. MichaelDug says
  150. Curtisapoxy says
  151. LisaVow says
  152. AshVow says
  153. KimVow says
  154. MichaelGaify says
  155. EvaVow says
  156. BooVow says
  157. JackVow says
  158. DavisVom says
  159. Curtisapoxy says
  160. JaneVow says
  161. PaulVow says
  162. DenVow says
  163. CharlesDor says
  164. Robertnam says
  165. MiclPaype says
  166. TommyrhisT says
  167. MichaelGaify says
  168. JasonVow says
  169. Michaelgep says
  170. Marvinirott says
  171. EstebanCaf says
  172. RodneyCanna says
  173. MiaVow says
  174. Michaelgep says
  175. Edgarlab says
  176. TedVow says
  177. TommyrhisT says
  178. TedVow says
  179. DavisVom says
  180. TommyrhisT says
  181. KiaVow says
  182. LisaVow says
  183. CharlesDor says
  184. KiaVow says
  185. RodneyCanna says
  186. MichaelDug says
  187. MichaelDug says
  188. MichaelOrdep says
  189. ZakVow says
  190. MichaelOrdep says
  191. JimVow says
  192. JimVow says
  193. JasonVow says
  194. AshVow says
  195. PaulVow says
  196. Michaelgep says
  197. Michaelgep says
  198. NickVow says
  199. DenVow says
  200. YonVow says
  201. Robertnam says
  202. Edgarlab says
  203. YonVow says
  204. SueVow says
  205. CarlVow says
  206. JackVow says
  207. MiaVow says
  208. DenVow says
  209. CarlVow says
  210. MiclPaype says
  211. MichaelGaify says
  212. SueVow says
  213. KiaVow says
  214. MarkVow says
  215. JudyVow says
  216. Curtisapoxy says
  217. JaneVow says
  218. EvaVow says
  219. CarlVow says
  220. PaulVow says
  221. Edgarlab says
  222. KiaVow says
  223. TedVow says
  224. JaneVow says
  225. MiaVow says
  226. AmyVow says
  227. LisaVow says
  228. RodneyCanna says
  229. YonVow says
  230. UgoVow says
  231. Michaelgep says
  232. YonVow says
  233. EvaVow says
  234. TedVow says
  235. JaneVow says
  236. Elwoodnub says
  237. ZakVow says
  238. CharlesDor says
  239. MichaelDug says
  240. JaneVow says
  241. AshVow says
  242. RodneyCanna says
  243. EvaVow says
  244. TeoVow says
  245. TimothyUsess says
  246. KimVow says
  247. UgoVow says
  248. YonVow says
  249. MichaelGaify says
  250. DavisVom says
  251. MichaelOrdep says
  252. TommyrhisT says
  253. TimothyUsess says
  254. EstebanCaf says
  255. MiclPaype says
  256. CarlVow says
  257. YonVow says
  258. DenVow says
  259. MichaelDug says
  260. JudyVow says
  261. YonVow says
  262. EstebanCaf says
  263. MichaelGaify says
  264. CharlesDor says
  265. MichaelDug says
  266. EvaVow says
  267. YonVow says
  268. LisaVow says
  269. Juaotx says

    buy levaquin 500mg sale levofloxacin 250mg without prescription

  270. DenVow says
  271. JudyVow says
  272. TedVow says
  273. AnnaVow says
  274. WimVow says
  275. DenVow says
  276. NickVow says
  277. Michaelgep says
  278. Michaelgep says
  279. MichaelDug says
  280. EstebanCaf says
  281. ZakVow says
  282. AshVow says
  283. EstebanCaf says
  284. AmyVow says
  285. JaneVow says
  286. AshVow says
  287. AmyVow says
  288. Elwoodnub says
  289. AshVow says
  290. JaneVow says
  291. Curtisapoxy says
  292. Edgarlab says
  293. EstebanCaf says
  294. RodneyCanna says
  295. JackVow says
  296. Elwoodnub says
  297. ZakVow says
  298. MichaelOrdep says
  299. YonVow says
  300. MiaVow says
  301. Ditiotte says

    sildenafil 20 mg prices over the counter viagra substitute walgreens buy viagra cheaper

  302. RodneyCanna says
  303. AnnaVow says
  304. Edgarlab says
  305. EstebanCaf says
  306. BooVow says
  307. KimVow says
  308. UgoVow says
  309. MichaelDug says
  310. MichaelGaify says
  311. EvaVow says
  312. Oqzkjq says

    avodart 0.5mg brand order celebrex 100mg for sale order zofran 4mg pills

  313. DavisVom says
  314. PaulVow says
  315. RodneyCanna says
  316. MiaVow says
  317. AshVow says
  318. JackVow says
  319. RodneyCanna says
  320. KiaVow says
  321. MichaelGaify says
  322. PaulVow says
  323. MichaelOrdep says
  324. Davidhix says
  325. Edgarlab says
  326. JackVow says
  327. MichaelGaify says
  328. Dllvyu says

    aldactone buy online diflucan 100mg cheap purchase diflucan pills

  329. SueVow says
  330. AnnaVow says
  331. JasonVow says
  332. NickVow says
  333. JackVow says
  334. AmyVow says
  335. CharlesDor says
  336. BooVow says
  337. Curtisapoxy says
  338. JimVow says
  339. MichaelGaify says
  340. JaneVow says
  341. JasonVow says
  342. Elwoodnub says
  343. DenVow says
  344. SueVow says
  345. MichaelDug says
  346. WimVow says
  347. sicenups says

    viagra boys band buy viagra cheaper sildenafil prescription

  348. JudyVow says
  349. DenVow says
  350. MichaelGaify says
  351. JasonVow says
  352. Eflrgl says

    acillin generic cheap bactrim 960mg order erythromycin 250mg pills

  353. RodneyCanna says
  354. JaneVow says
  355. NickVow says
  356. CarlVow says
  357. SueVow says
  358. Davidhix says
  359. CarlVow says
  360. AnnaVow says
  361. Elwoodnub says
  362. JaneVow says
  363. JimVow says
  364. RodneyCanna says
  365. EstebanCaf says
  366. KimVow says
  367. Michaelgep says
  368. Elwoodnub says
  369. ZakVow says
  370. SueVow says
  371. JimVow says
  372. MiaVow says
  373. AshVow says
  374. JasonVow says
  375. JasonVow says
  376. Phncwz says

    cheap fildena 50mg order robaxin 500mg pills buy methocarbamol pills

  377. EstebanCaf says
  378. MichaelGaify says
  379. CharlesDor says
  380. MiclPaype says
  381. CarlVow says
  382. JimVow says
  383. MiaVow says
  384. MichaelDug says
  385. BooVow says
  386. AnnaVow says
  387. JimVow says
  388. MichaelDug says
  389. EstebanCaf says
  390. JimVow says
  391. SueVow says
  392. CarlVow says
  393. PaulVow says
  394. JaneVow says
  395. EstebanCaf says
  396. AnnaVow says
  397. Robertnam says
  398. Marvinirott says
  399. TedVow says
  400. EvaVow says
  401. JaneVow says
  402. SueVow says
  403. Samueljig says
  404. MiaVow says
  405. Curtisapoxy says
  406. Curtisapoxy says
  407. JasonVow says
  408. Imqufp says

    buy sildenafil 50mg order generic sildenafil order estrace 2mg pills

  409. DavisVom says
  410. KimVow says
  411. Marvinirott says
  412. Michaelgep says
  413. MiaVow says
  414. KiaVow says
  415. MiclPaype says
  416. KimVow says
  417. Michaelgep says
  418. UgoVow says
  419. Michaelgep says
  420. AmyVow says
  421. TommyrhisT says
  422. TedVow says
  423. YonVow says
Leave A Reply

Your email address will not be published.