THE INCIDENCE AND EFFECTS OF DEATH DUTIES ON WOOL-GROWING PROPERTIES IN SOUTH AUSTRALIA

Norm J. Thomson

Australian Journal of Agricultural Economics, 1971, vol. 15, issue 3, 16

Abstract: Death duties are allegedly a tax designed to redistribute accumulations of wealth. Therefore, to the extent that they are successful, one might expect death duties to inhibit the trend for wool-growing properties to become more capital-intensive. This aspect of death duties appears to be in complete contrast to other rural policy objectives designed to encourage on-farm investment. However, while a survey of 58 death duty-affected properties established that death duties do reduce the rate of capital accumulation, the impact appears to be less severe on the wealthy than the less-wealthy families.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Date: 1971
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22984

DOI: 10.22004/ag.econ.22984

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