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The costs of administering a wealth tax

Burgherr, David (2021) The costs of administering a wealth tax. Fiscal Studies, 42 (3-4). 677 - 697. ISSN 0143-5671

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Identification Number: 10.1111/1475-5890.12276


I assess the costs of administering a wealth tax for taxpayers and the tax authority in the UK context, based on evidence from existing UK taxes on wealth and comprehensive wealth taxes that have been imposed in other countries. My central estimate is that a well-designed wealth tax generates costs to taxpayers of 0.1 per cent of taxable wealth and costs to the tax authority of 0.05 per cent of taxable wealth. I discuss how these costs depend on design choices. My findings can inform revenue modelling and help to evaluate the desirability of wealth taxes.

Item Type: Article
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Additional Information: © 2021 The Authors
Divisions: International Inequalities Institute
Subjects: H Social Sciences > HJ Public Finance
JEL classification: D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions
H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H24 - Personal Income and Other Nonbusiness Taxes and Subsidies
H - Public Economics > H8 - Miscellaneous Issues > H83 - Public Administration
Date Deposited: 25 May 2021 09:33
Last Modified: 14 Jun 2024 03:22

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