Keyword: wealth tax

Europe

Wealth Taxes

This week's European Economic Experts Panel statements: A) A wealth tax would be an effective way to reduce inequality. B) A wealth tax in a form discussed in the UK (where individuals could be taxed a percentage of their net worth over £750,000, excluding any personal pension savings and their main home) would be an effective way to improve public finances after the Covid-19 crisis. C) A public policy goal that could be accomplished with a well-enforced wealth tax could be accomplished at lower cost with modifications to existing taxes, such as income tax, capital gains tax, inheritance tax and property tax.