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The Role and Design of Net Wealth Taxes in the OECD

image of The Role and Design of Net Wealth Taxes in the OECD

This report examines and assesses the current and historical use of net wealth taxes, defined as recurrent taxes on individual net assets, in OECD countries. It provides background on the use of wealth taxes over time in OECD countries as well as on trends in income and wealth inequality. It then assesses the case for and against the use of a net wealth tax to raise revenues and reduce inequality, based on efficiency, equity and tax administration considerations. The effects of personal capital income taxes and taxes on wealth transfers are also discussed to understand how these taxes interact with net wealth taxes. Finally, the report looks at practical tax design issues and shows that the way a net wealth tax is designed can have a significant impact on the effectiveness and fairness of the tax. The report concludes with a number of practical tax policy recommendations regarding net wealth taxes.

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OECD questionnaire on current and historical net wealth taxes

This questionnaire aims to collect information on the design of net wealth taxes as well as on their rationale and effects. Replies to the questionnaire will be used as input to the OECD Secretariat’s report on Net Wealth Taxes in OECD Countries.

English

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