Years after the introduction of the Varlık Vergisi, the political elite of Turkey had difficulties to come to terms with the subject.

Another issue with the potential to undermine the PD s standing is the party s advocacy of a new wealth tax.

The distortionary effects of a wealth levy would also be exacerbated by concerns that the temporary levy would not be a one off tax.

Varlık Vergisi ( wealth tax or capital tax ) was a Turkish tax levied on the wealthy citizens of Turkey in 1942, with the stated aim of raising funds for the country's defense in case of an eventual entry into World War II.

Unfortunately, arguing over burden sharing creates more scope for delay, potentially undermining the efficacy of any wealth tax that might finally be instituted.

Italy s armada of Guardia di Finanza boats would hardly forestall a massive exodus of wealth if Italians see a sizable wealth tax coming.

Zakat The Islamic system of Zakat (two and a half annual tax on all unspent wealth and assets) is designed to benefit widows, orphans, the poor and those in dire need.

Unfortunately, while a wealth tax may be a sound way to help a country dig out of a deep fiscal pit, it is hardly a panacea.

They should share the bonanza of higher prices with Australia s citizens, and an appropriately designed mining tax is one way of ensuring that outcome.

Rather than punitively taxing wealth, globalization strengthens the case for shifting to a flat tax on income (or better yet consumption) with a moderately high exemption.

The moral case for a wealth tax is more compelling than usual today, with unemployment still at recession levels, and with deep economic inequality straining social norms.

And, if it were really possible to ensure that the wealth levy would be temporary, such a tax would, in principle, be much less distortionary than imposing higher marginal tax rates on income.

An Inequality Tax

The Golden Haves

The Corporate Tax Conundrum

2220 Stamp tax

2250 Statistical tax

A tax called a death tax is regarded very differently from a tax called an inheritance tax, even though the two are really identical.

Where has the oil wealth gone? Chávez s social programs were the biggest beneficiaries.

Those Fickle Sovereign Wealth Funds

T he tax multiplier is around minus 1.1....

Taxing the Israeli Occupation

The Wrong Tax for Europe

2260 Tax on transport facilities

After all, the wealth effect works only when people believe that the wealth is permanent.

The cap and trade system thus imposes a carbon tax without having to admit that it is really a tax.

Under the FairTax, the federal government would be able to concentrate tax enforcement efforts on a single tax.

There is no reason that mining companies should reap this reward for themselves. They should share the bonanza of higher prices with Australia s citizens, and an appropriately designed mining tax is one way of ensuring that outcome.

The IMF calculates that a one time 10 wealth levy, if introduced quickly and unexpectedly, could return many European countries to pre crisis public debt GDP ratios.

Hollande s predecessor, Nicolas Sarkozy, tried to address this problem. He exempted voluntary overtime pay from employment tax and shifted some of the burden of labor taxation onto consumption (via a hike in VAT).

No one is interested in creating wealth.

(f) Ministry of Fisheries and Aquaculture

An Energy Tax for Europe

The Tobin Tax Lives Again

Tax revenue is included for comparison.

2210 Tax on foreign exchange transactions

Japan s government has a huge debt burden, and its consumption tax rate is far lower than the value added tax rates that prevail in Europe.

Developing nations should also push for a Tobin tax a tax on global foreign currency transactions.

Because of the high registration tax (180 ), VAT (25 ), and one of the world's highest income tax rates, new cars are very expensive.

Why Wealth Taxes Are Not Enough

February 25 Oregon places a one cent per US gallon (0.26 liter) tax on gasoline, becoming the first U.S. state to levy a gasoline tax.

The tax system should be reformed by increasing reliance on income progressive taxes, restructuring the property tax and introducing reasonably progressive taxes.

CAMBRIDGE European leaders are seriously considering a Tobin tax, which would put a small levy on financial transactions, thereby dampening trading.

In plain English, an occupation tax is needed.

Libya s Shadow on Sovereign Wealth Funds