https://www.taxtmi.com/article/detailed?id=8549 The article proposes reintroducing a wealth tax as a recurring service charge with a high basic exemption, progressive marginal rates above that exemption, and no class-based asset exemptions. Net worth would be computed from balance sheets (assets minus liabilities) using simple valuation rules, recognized revaluation methods where applicable, and periodic revaluation of long-held immovable property. Limits and rates should be reviewed at regular multi year intervals to keep exemption thresholds aligned with inflation and market changes. en-us Thu, 20 Jun 2019 15:43:41 +0530 Thu, 20 Jun 2019 15:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8549 The article proposes reintroducing a wealth tax as a recurring service charge with a high basic exemption, progressive marginal rates above that exemption, and no class-based asset exemptions. Net worth would be computed from balance sheets (assets minus liabilities) using simple valuation rules, recognized revaluation methods where applicable, and periodic revaluation of long-held immovable property. Limits and rates should be reviewed at regular multi year intervals to keep exemption thresholds aligned with inflation and market changes. Articles Wealth Tax Thu, 20 Jun 2019 15:43:41 +0530 https://www.taxtmi.com/article/detailed?id=8549