The Organisation for Economic Co-operation and Development (OECD) has released the report on Inheritance Taxation in OECD Countries.
The purpose of the report is to Compare and assess inheritance, estate and gift taxes across OECD countries and Explore the role that these taxes could play in raising revenue, addressing inequalities and improving the efficiency of tax systems.
The report explores the role that inheritance taxation could play in raising revenues, addressing inequalities and improving efficiency in OECD countries. It provides background on the distribution and evolution of household wealth and inheritances, assesses the case for and against inheritance taxation drawing on existing theoretical and empirical literature, and examines the design of inheritance, estate and gift taxes in OECD countries. The report concludes with a number of reform options that governments could consider to improve the design and functioning of wealth transfer taxes.
Among other things, the report identifies similarities and differences in the design and application of inheritance, estate, and gift taxes in different jurisdictions and provides options for reform that jurisdictions could consider adopting to improve the design and functioning of the taxes, while recognizing that reforms will depend on circumstances that are specific to each jurisdiction.
For Accessing the Report Click here.