04/05/2021 - Wealth inequality has been persistently high and on the increase in many countries for decades. Wealthier households are reporting higher-value inheritances, a trend which is likely to persist as asset prices continue rising and the Baby-boom generation ages. Longer life expectancies and wealth concentration among older age groups could further reinforce inequality. The COVID-19 crisis will place countries under greater pressure to raise additional tax revenues and address inequalities, which have been exacerbated since the start of the pandemic.
A new OECD report to be published on Tuesday 11 May 2021 at 11h00 (CEST) provides a comparative assessment of inheritance taxation across OECD countries and explores the role that inheritance, estate and gift taxes could play in raising revenues, addressing inequalities and improving efficiency in the future.
Inheritance Taxation in OECD Countries shows the commonalities and variation in the application and the design of these taxes across countries, and identifies a number of reform options that countries could consider to enhance the design and functioning of inheritance, estate, and gift taxes.
For further information, or to request interviews, contact Lawrence Speer in the OECD Media Office (+33 1 4524 9700).
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Experts from the OECD Centre for Tax Policy and Administration will lead a webinar discussion of the report on Wednesday 12 May 2021 at 11:00 CEST. To register, visit: http://oe.cd/inheritancetax.
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