https://www.taxtmi.com/article/detailed?id=12994 Reintroducing an inheritance tax would target large estate transfers to reduce wealth concentration and raise revenue, with potential philanthropic incentives. Opposing concerns include implementation and enforcement difficulties, low net yields due to avoidance planning, risks of capital flight, and burdens on family businesses lacking liquidity. Viable policy alternatives include a reinstated wealth tax or modifying capital gains rules on inherited assets. Effective design would require thresholds, anti evasion measures, and protections for operating firms to balance redistributional goals against administrative and economic costs. en-us Sat, 05 Oct 2024 12:24:23 +0530 Sat, 05 Oct 2024 12:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12994 Reintroducing an inheritance tax would target large estate transfers to reduce wealth concentration and raise revenue, with potential philanthropic incentives. Opposing concerns include implementation and enforcement difficulties, low net yields due to avoidance planning, risks of capital flight, and burdens on family businesses lacking liquidity. Viable policy alternatives include a reinstated wealth tax or modifying capital gains rules on inherited assets. Effective design would require thresholds, anti evasion measures, and protections for operating firms to balance redistributional goals against administrative and economic costs. Articles Income Tax Sat, 05 Oct 2024 12:24:23 +0530 https://www.taxtmi.com/article/detailed?id=12994