Wealth Tax
Jump to: navigation, search
The estate tax is a tax that is applied individually, not on income or transactions, but on the personal assets of individuals, and is calculated based on the value of all assets of the taxpayer. Applies to national level in some countries. His supporters allege that helps redistribution of wealth, while detractors point out that this goal can not and often impoverished countries for the expatriation of capital.
It exists in some European states, such as Switzerland, Norway, Spain and France.
Content
[Hide] 1 countries applying
2 Countries that have abolished
3 Arguments
4 Arguments against
5 See also
6 References
[Edit] Countries that apply
European: Spain, is charged € 700,000 from a real estate exemption of € 300,000.
France, by the Solidarity Tax Fortunes, with rate of 5.55% to 1.80% and ceiling of € 790,000;
Liechtenstein, with a rate of 0.07%
Norway, with rates between 0.9% and 1.1% 1
Switzerland, some cantons level and comunas2
Other countries: in India, applies only on income nonperforming assets (vehicles, jewelry, non-rented property, etc..) 3
[Edit] Countries that have abolished
Some countries had a tax of this kind that has been deleted:
Japan in 1953
ISF Italy in 1992 became an estate tax, except for the main residence and agricultural land.
Austria in 1994
Ireland in 1997
Denmark in 1997
Germany in 1997
Luxembourg in 20164
Finland 20 065
Sweden, the 1947 tax away fortunes in 20076
Spain on January 1, 2008 (not deleted, it subsidizes 100%).
Main article: Wealth Tax in Spain.
Greece, in 2009.
[Edit] Arguments in favor
In general, there are four arguments in favor of tax: make the tax system fairer, increases government revenues, can stimulate economic growth and could have positive social effects to reduce inequality.
With respect to the justice system, it is generally thought that a citizen who pays taxes should be related to their ability to pay and the value of their properties often reflects their socioeconomic status. You can also partially replace other taxes are regressive, as the value added tax (or value-added tax): this tax, for example, is always the same regardless of which represents less effort for a buyer who has more income . And besides, is to replace the income tax on wealthy people without an income such as a salary.
In favor of the tax is also the idea that the net worth of a person is also a good measure of the degree to which it has benefited from the economic infrastructure fostered and fueled by the institutions that sustain all taxpayers. For example, we can say that a wealthy investor or business owner has benefited more than the average citizen of public education (has skilled workers), roads (to move their goods), pensions and other social wages (so that there ability to consume their products), judiciary (which enforces trade agreements), financial regulation, government subsidies and bailouts of companies, etc ... 7
[Edit] Arguments against
In an article by Molly Moore for The Washington Post entitled "Old Money, New Money Flee France and Its Wealth Tax" will argue the following damage presumably caused by the estate tax in France: capital flight, brain drain, loss of jobs and, finally, a lower tax revenues. The article quotes Eric Pichet, which estimated that revenues from this levy are 2,600 million a year, but they cost France more than 125 billion dollars in capital flight since 1998.8
The main objections to the estate tax are: the valuation of illiquid assets such as real estate, private business, antiques, etc.. can be arbitrary, fluctuations in wealth over time, the possibility that governments use inflation as a means to increase tax revenues and ultimately taxpayers elderly with incomes below their assets that do not generate income is faced with the inability to pay their taxes without liquidating assets.
Because of the difficulties in assessing the heritage and its management, estate taxes have some cost management. In the Dutch case, the cost associated with the management percentage is 26% of the proceeds, approximately five times higher than for tax renta.9
[Edit] See also
Tax
Wealth Tax in Spain
[Edit] References
1. ↑ Taxes in Norway
2. ↑ sur la Fortune L'Impôt, Suisse
3. ↑ Wealth Tax
4. ↑ Tarif applicable in matière de l'impôt sur la fortune
5. ↑ Le rendement de l'ISF décroit
6. ↑ Une très exception française, Le Figaro Economie, 5 décembre 2007, page 19
7. ↑ http://fairsharetaxes.org/Essay.aspx Article by Peter Gloor (English) for http://fairsharetaxes.org
8. ↑ Article in English Washintgton Post "Old Money, New Money Flee France and Its Wealth Tax", 16 July 2006
9. ↑ Document in English Institut de l'entreprise on the gradual disappearance of the estate tax
0 件のコメント:
コメントを投稿