WEALTH TAX – SOME NEW THOUGHTS – link basic exemption to inflation and provide limited specified exemptions with certain limits to impose tax on assets above limits.

WEALTH TAX – SOME NEW THOUGHTS – link basic exemption to inflation and provide limited specified exemptions with certain limits to impose tax on assets above limits. https://www.taxtmi.com/article/detailed?id=1870 The article argues that the basic exemption for wealth tax should be indexed annually to inflation-preferably via a recognised index such as the Cost Inflation Index or a real-inflation adjustment-and that asset classes should have limited, specified exemption ceilings so taxation falls only on holdings above those caps, thereby aligning thresholds with true asset value increases and promoting redistribution objectives. en-us Mon, 27 Aug 2012 20:57:41 +0530 Mon, 27 Aug 2012 20:57:41 +0530 TaxTMI RSS Generator WEALTH TAX – SOME NEW THOUGHTS – link basic exemption to inflation and provide limited specified exemptions with certain limits to impose tax on assets above limits. https://www.taxtmi.com/article/detailed?id=1870 The article argues that the basic exemption for wealth tax should be indexed annually to inflation-preferably via a recognised index such as the Cost Inflation Index or a real-inflation adjustment-and that asset classes should have limited, specified exemption ceilings so taxation falls only on holdings above those caps, thereby aligning thresholds with true asset value increases and promoting redistribution objectives. Articles Wealth Tax Mon, 27 Aug 2012 20:57:41 +0530 https://www.taxtmi.com/article/detailed?id=1870