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OECD - Organisation for Economic Co-operation[...] (via Public) / Inheritance, estate and gift taxes could play a stronger role in addressing inequality and improving public finances


05/11/2021 | Press release | Distributed by Public on 05/11/2021 03:05
Inheritance, estate and gift taxes could play a stronger role in addressing inequality and improving public finances
11/05/2021 - Inheritance taxation can be an important instrument to address inequality, particularly in the current context of persistently high wealth inequality and new pressures on public finances linked to the COVID-19 pandemic, according to a new OECD report.
Inheritance Taxation in OECD Countries provides a comparative assessment of inheritance, estate and gift taxes across the 37-member OECD, and explores the potential role these taxes could play in raising revenues, addressing inequalities and improving the efficiency of tax systems in the future. ....

United States , United Kingdom , Bruxelles Capitale , David Bradbury , Lawrence Speer , Pascal Saint Amans , Centre For Tax , Media Office , Tax Policy , Inheritance Taxation , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , ப்ரூக்ஸெல்ஸ் தலைநகரம் , டேவிட் பிராட்பரி , லாரன்ஸ் ஸ்பியர் , பாஸ்கல் துறவி அமன்ஸ் , மையம் க்கு வரி , மீடியா அலுவலகம் , வரி பாலிஸீ ,

Inheritance, estate and gift taxes could play a stronger role in addressing inequality and improving public finances


Inheritance, estate and gift taxes could play a stronger role in addressing inequality and improving public finances
Newsroom
 
11/05/2021 - Inheritance taxation can be an important instrument to address inequality, particularly in the current context of persistently high wealth inequality and new pressures on public finances linked to the COVID-19 pandemic, according to a new OECD report.
Inheritance Taxation in OECD Countries provides a comparative assessment of inheritance, estate and gift taxes across the 37-member OECD, and explores the potential role these taxes could play in raising revenues, addressing inequalities and improving the efficiency of tax systems in the future.
The report highlights the high degree of wealth concentration in OECD countries as well as the unequal distribution of wealth transfers, which further reinforces inequality. On average, the inheritances and gifts reported by the wealthiest households (top 20%) are close to 50 times ....

United States , United Kingdom , Bruxelles Capitale , David Bradbury , Lawrence Speer , Pascal Saint Amans , Centre For Tax , Media Office , Tax Policy , Inheritance Taxation , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , ப்ரூக்ஸெல்ஸ் தலைநகரம் , டேவிட் பிராட்பரி , லாரன்ஸ் ஸ்பியர் , பாஸ்கல் துறவி அமன்ஸ் , மையம் க்கு வரி , மீடியா அலுவலகம் , வரி பாலிஸீ ,

Labour market disruption & COVID-19 support measures contribute to widespread falls in taxes on wages in 2020


Labour market disruption & COVID-19 support measures contribute to widespread falls in taxes on wages in 2020
 
29/04/2021 - The COVID-19 crisis has resulted in the largest decrease in taxes on wages since the global financial crisis of 2008-09, according to a new OECD report.
Taxing Wages 2021 shows that declining household incomes coupled with tax reforms linked to the pandemic are driving widespread declines in effective taxes on wages across the OECD.
The report highlights record falls across the OECD during 2020 in the tax wedge – the total taxes on labour paid by both employees and employers, minus family benefits, as a percentage of the labour cost to the employer.  ....

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