Inheritance Tax & Inequality: Global experience and lessons for India
- 22 Nov, 2017
Income and wealth concentration in India today is very high by international and historical standards. One of the factors that is attributable to concentration of wealth is that inherited wealth and invested capital (in the stock market, in real estate) grows faster than income. Taxing this inherited wealth with an inheritance tax, complemented by political strategies can address the problem of extreme inequality.
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