The Wealth Tax and the Tax Mix

Robin Boadway and Pierre Pestieau

No 2022007, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: The objective of this paper is to study the role of wealth taxes as a component of the overall tax mix. In particular, wealth taxes are one of many potential taxes that apply to assets and asset income, so the question is whether wealth taxes should substitute, complement, or neither other taxes on assets and their income. More specifically, our purpose is to consider how well the Canadian tax system fares in taxing asset income, asset wealth and asset transfers with aview to judging whether wealth taxation would be a useful adjunct to the existing system. Despite the advantages that wealth taxation has compared to the existing capital tax system, we suggest that rather than incurring the administrative costs of introducing a wealth tax, a more satisfactory approach would be to reform the tax treatment of capital income and inheritances instead.

Keywords: Wealth tax; capital income tax; inheritance tax (search for similar items in EconPapers)
JEL-codes: H21 H23 (search for similar items in EconPapers)
Pages: 24
Date: 2022-02-10
New Economics Papers: this item is included in nep-acc and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://dial.uclouvain.be/pr/boreal/en/object/bore ... tastream/PDF_01/view (application/pdf)

Related works:
Working Paper: The Wealth Tax and the Tax Mix (2023)
Journal Article: The Wealth Tax and the Tax Mix (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2022007

Access Statistics for this paper

More papers in LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) Voie du Roman Pays 34, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Alain GILLIS ().