https://www.taxtmi.com/news?id=4386 No present proposal exists to reimpose estate tax; the Government explained estate duty was abolished because it produced negligible revenue, its share of gross tax receipts fell over time, proceeds remained low despite progressive rates, administration and compliance costs were high, and overlap with wealth tax created burdens on taxpayers and heirs. en-us Thu, 20 Dec 2012 17:55:05 +0530 Thu, 20 Dec 2012 17:55:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4386 No present proposal exists to reimpose estate tax; the Government explained estate duty was abolished because it produced negligible revenue, its share of gross tax receipts fell over time, proceeds remained low despite progressive rates, administration and compliance costs were high, and overlap with wealth tax created burdens on taxpayers and heirs. News - Thu, 20 Dec 2012 17:55:05 +0530 https://www.taxtmi.com/news?id=4386