TY - JOUR AU - Morgan, Marc AU - Carvalho Junior, Pedro PY - 2021/02/09 Y2 - 2024/03/29 TI - Taxing wealth: general principles, international perspectives and lessons for Brazil JF - Brazilian Journal of Political Economy JA - BJPE VL - 41 IS - 1 SE - DO - 10.1590/0101-31572021-3131 UR - https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/2119 SP - 44-64 AB - <p>The international debate on wealth taxation has been subject to renewed interest amid new proposals coming out of the US electoral cycle and the salience of wealth inequality. This article reviews the case for taxing wealth and its transfer across generations (wealth and inheritance taxes), analyzing their design from an international comparative perspective, and extracting lessons for Brazil. The long-debated “Tax on Large Fortunes” has never been implemented and the state-level “Tax on Inheritances” has been watered down over time. We propose a framework for the progressive implementation and reform of both taxes in the country. We argue, given the historical record and current research, that&nbsp;they are technically and administratively feasible propositions, notwithstanding important political economy considerations.</p><p><strong>JEL Classification: H24; H29</strong></p> ER -