Inheritance and gift taxes in Europe should be abolished rather than increased, according to the latest Tax Foundation report, published on Tuesday 23 April.
The foundation disputes the OECD’s view that such taxes are a means of reducing wealth inequality. Their limited capacity to raise revenue and their negative impact on entrepreneurial activity, savings and work should encourage policymakers to consider repealing them rather than boosting them.
At present, 24 of the 35 European...