The OECD has published two new reports on different approaches to taxes on personal savings and net wealth, and the role such taxes can play in tax policy aimed at promoting inclusive growth.
The report on the taxation of household savings provides a detailed review of the way savings are taxed in the 35 OECD countries and five key partner countries. The report also considers the large differences in the tax treatment of a range of assets and outlines a range of opportunities for greater tax neutrality across different types of savings
The report on the role and design of net wealth taxes examines the use of net wealth taxes across the OECD, suggesting that ‘there is little need for net wealth taxes in countries with broad-based personal capital income taxes, including capital gains taxes, and well-designed inheritance and gift taxes’
The OECD has published two new reports on different approaches to taxes on personal savings and net wealth, and the role such taxes can play in tax policy aimed at promoting inclusive growth.
The report on the taxation of household savings provides a detailed review of the way savings are taxed in the 35 OECD countries and five key partner countries. The report also considers the large differences in the tax treatment of a range of assets and outlines a range of opportunities for greater tax neutrality across different types of savings
The report on the role and design of net wealth taxes examines the use of net wealth taxes across the OECD, suggesting that ‘there is little need for net wealth taxes in countries with broad-based personal capital income taxes, including capital gains taxes, and well-designed inheritance and gift taxes’
