inheritancetax
"Nothing is certain except death and taxes," American statesman Benjamin Franklin told scientist Jean-Baptiste Le Roy back in 1789. While both dying and filling the state coffers are, to varying extents, pretty unavoidable, a "tax on death" is much less of a foregone conclusion. Inheritance tax is considered to be the first modern tax to have spread widely. By the early 20th century, more than 60 countries had introduced it, generally to raise cash for wars or to weather lengthy recessions. Inheritance tax was once out of favourTowards the end of the century, the levy had fallen out of favour....
Euronews (English)
Inequality in wealth distribution is prevalent across Europe. The wealthiest 10% on the continent own a staggering 67% of the wealth, while the bottom half of adults possess only 1.2% of it. The role of inheritance, estate and gift taxes are largely discussed in addressing inequalities. Some 19 of 27 EU countries levy wealth transfer taxes. However, revenues from inheritance, estate, and gift taxes exceed 1% of total taxation in only two EU countries, namely Belgium and France. What is inheritance tax?Inheritance tax is a specific form of wealth taxation. Net wealth taxes that are levied perio...
Euronews (English)
More caught by pension allowances: but more flexibility means lower penalties [soros] Q1 2021 hedge fund letters, conferences and more 47,880 people with personal pensions were caught out by the pension annual allowance in 2018/19.This is up almost a third in a year, and is more than four times the number who fell foul of the rules before the tapered annual allowance was introduced in 2016/17.7,130 people were caught out by the lifetime allowance, up 100 from a year earlier.However, there was a rise in people who faced a 25% charge and took the money as income, and a fall in those who paid a 5...
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