The rich shall inherit the earth

Article Abstract:

UK Prime Minister John Major believes that both inheritance tax and capital-gains tax discourage entrepreneurship and therefore limit economic growth. For this reason, he would like to abolish these taxes. Abolishing capital-gains tax would have significant repercussions. This tax produces little revenue directly, but it discourages people from attempting to avoid income tax by reclassifying income as capital gains. If it were abolished, income tax revenues could decline dramatically.

Capital Gains Taxes, Tax policy, Capital gains tax, Major, John

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Survivorship

Article Abstract:

The Death Tax Elimination Act may be passed, and this would affect US insurers selling policies designed to deal with estate tax.

Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, United States, Insurance industry

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Death and taxes

Article Abstract:

The debate on estate taxes in view of planned changes in the US, and proposals for reform of the tax are examined in detail.

Tax administration and procedure, Tax administration

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