Taxing wealth: general principles, international perspectives and lessons for Brazil

Detalhes bibliográficos
Autor(a) principal: MORGAN,MARC
Data de Publicação: 2021
Outros Autores: CARVALHO JUNIOR,PEDRO
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572021000100044
Resumo: ABSTRACT The international debate on wealth taxation has been subject to renewed interest amid new proposals coming out of the US electoral cycle and the salience of wealth inequality. This article reviews the case for taxing wealth and its transfer across generations (wealth and inheritance taxes), analyzing their design from an international comparative perspective, and extracting lessons for Brazil. The long-debated “Tax on Large Fortunes” has never been implemented and the state-level “Tax on Inheritances” has been watered down over time. We propose a framework for the progressive implementation and reform of both taxes in the country. We argue, given the historical record and current research, that they are technically and administratively feasible propositions, notwithstanding important political economy considerations.
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spelling Taxing wealth: general principles, international perspectives and lessons for BrazilWealth taxinheritance taxinequalityABSTRACT The international debate on wealth taxation has been subject to renewed interest amid new proposals coming out of the US electoral cycle and the salience of wealth inequality. This article reviews the case for taxing wealth and its transfer across generations (wealth and inheritance taxes), analyzing their design from an international comparative perspective, and extracting lessons for Brazil. The long-debated “Tax on Large Fortunes” has never been implemented and the state-level “Tax on Inheritances” has been watered down over time. We propose a framework for the progressive implementation and reform of both taxes in the country. We argue, given the historical record and current research, that they are technically and administratively feasible propositions, notwithstanding important political economy considerations.Centro de Economia Política2021-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572021000100044Brazilian Journal of Political Economy v.41 n.1 2021reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572021-3131info:eu-repo/semantics/openAccessMORGAN,MARCCARVALHO JUNIOR,PEDROeng2021-02-03T00:00:00Zoai:scielo:S0101-31572021000100044Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2021-02-03T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv Taxing wealth: general principles, international perspectives and lessons for Brazil
title Taxing wealth: general principles, international perspectives and lessons for Brazil
spellingShingle Taxing wealth: general principles, international perspectives and lessons for Brazil
MORGAN,MARC
Wealth tax
inheritance tax
inequality
title_short Taxing wealth: general principles, international perspectives and lessons for Brazil
title_full Taxing wealth: general principles, international perspectives and lessons for Brazil
title_fullStr Taxing wealth: general principles, international perspectives and lessons for Brazil
title_full_unstemmed Taxing wealth: general principles, international perspectives and lessons for Brazil
title_sort Taxing wealth: general principles, international perspectives and lessons for Brazil
author MORGAN,MARC
author_facet MORGAN,MARC
CARVALHO JUNIOR,PEDRO
author_role author
author2 CARVALHO JUNIOR,PEDRO
author2_role author
dc.contributor.author.fl_str_mv MORGAN,MARC
CARVALHO JUNIOR,PEDRO
dc.subject.por.fl_str_mv Wealth tax
inheritance tax
inequality
topic Wealth tax
inheritance tax
inequality
description ABSTRACT The international debate on wealth taxation has been subject to renewed interest amid new proposals coming out of the US electoral cycle and the salience of wealth inequality. This article reviews the case for taxing wealth and its transfer across generations (wealth and inheritance taxes), analyzing their design from an international comparative perspective, and extracting lessons for Brazil. The long-debated “Tax on Large Fortunes” has never been implemented and the state-level “Tax on Inheritances” has been watered down over time. We propose a framework for the progressive implementation and reform of both taxes in the country. We argue, given the historical record and current research, that they are technically and administratively feasible propositions, notwithstanding important political economy considerations.
publishDate 2021
dc.date.none.fl_str_mv 2021-03-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572021000100044
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dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/0101-31572021-3131
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.41 n.1 2021
reponame:Revista de Economia Política
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collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
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