Publication:
Fair Inheritance Taxation

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dc.contributor.authorDecerf, Benoit
dc.contributor.authorManiquet, François
dc.date.accessioned2021-10-14T14:12:29Z
dc.date.available2021-10-14T14:12:29Z
dc.date.issued2021-10
dc.description.abstractThis paper studies the optimal taxation of bequests in a model in which individuals have heterogeneous preferences over their consumption and the net-of-tax bequest received by their heir. The bequest left by an individual depends on both her degree of altruism and the bequest received from her parents. First, the paper studies two principles that are at the heart of the debates on taxing inheritances: (1) children should not be penalized by the lack of altruism of their parents, and (2) parents should be free to choose their bequests. Only one social welfare function satisfies these two principles, together with Pareto efficiency and a separability principle. Second, the paper studies the shape of the inheritance tax scheme that maximizes this social welfare function. It shows that in the aggregate, the inheritance tax must collect money (redistributed through a non-negative demogrant). Moreover, small bequests cannot be taxed (they can potentially be subsidized), while bequests that are larger than those of the most altruistic individuals who did not receive bequests from their parents should be taxed as much as efficiency permits.en
dc.identifierhttp://documents.worldbank.org/curated/undefined/977991634065405485/Fair-Inheritance-Taxation
dc.identifier.doi10.1596/1813-9450-9804
dc.identifier.urihttps://hdl.handle.net/10986/36390
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9804
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectINHERITANCE TAX
dc.subjectTAXATION
dc.subjectTAX EXEMPTION
dc.subjectCOMPENSATION
dc.subjectRESPONSIBILITY
dc.subjectFAIRNESS
dc.titleFair Inheritance Taxationen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleFair Inheritance Taxation
okr.date.disclosure2021-10-12
okr.date.doiregistration2025-04-10T07:21:41.006611Z
okr.date.lastmodified2021-10-12T00:00:00Zen
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/undefined/977991634065405485/Fair-Inheritance-Taxation
okr.guid977991634065405485
okr.identifier.doi10.1596/1813-9450-9804
okr.identifier.externaldocumentum090224b088a6e412_1_0
okr.identifier.internaldocumentum33483619
okr.identifier.reportWPS9804
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/977991634065405485/pdf/Fair-Inheritance-Taxation.pdfen
okr.topicLaw and Development::Tax Law
okr.topicMacroeconomics and Economic Growth::Taxation & Subsidies
okr.topicPoverty Reduction::Inequality
okr.unitDevelopment Research Group, Development Economics
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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