Kapeller, Jakob, Leitch, Stuart and Wildauer, Rafael ORCID: 0000-0001-6395-6286 (2021) Policy Brief: A European Wealth Tax. [Working Paper]

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Abstract

The distribution of wealth in the European Union is heavily concentration at the top. The richest 1% of households hold a third of total aggregate net wealth while the poorest 50% of households hold less than 5% of total net wealth. The flipside of this strong concentration of wealth is the high revenue potential of wealth taxes. The estimates presented here suggest that a progressive tax on net wealth could generate revenues between 3% and 10.8% of GDP.

Item Type:	Working Paper
Uncontrolled Keywords:	Wealth tax, wealth distribution, inequality
Subjects:	H Social Sciences > HB Economic Theory
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Department of International Business & Economics Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC)
Related URLs:	Author
Last Modified:	04 Aug 2021 16:33
URI:	http://gala.gre.ac.uk/id/eprint/32134

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