The costs of administering a wealth tax

David Burgherr

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: I assess the costs of administering a wealth tax for taxpayers and the tax authority in the UK context, based on evidence from existing UK taxes on wealth and comprehensive wealth taxes that have been imposed in other countries. My central estimate is that a well-designed wealth tax generates costs to taxpayers of 0.1 per cent of taxable wealth and costs to the tax authority of 0.05 per cent of taxable wealth. I discuss how these costs depend on design choices. My findings can inform revenue modelling and help to evaluate the desirability of wealth taxes.

Keywords: administrative costs; tax administration; tax compliance; tax enforcement; wealth tax (search for similar items in EconPapers)
JEL-codes: D31 H24 H83 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2021-09-01
New Economics Papers: this item is included in nep-acc, nep-pbe and nep-pub
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Citations: View citations in EconPapers (6)

Published in Fiscal Studies, 1, September, 2021, 42(3-4), pp. 677 - 697. ISSN: 0143-5671

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http://eprints.lse.ac.uk/110715/ Open access version. (application/pdf)

Related works:
Journal Article: The costs of administering a wealth tax (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:110715

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