The Henry Tax Review considered the introduction of a bequests tax - a tax that would be levied on the accumulated wealth of people at the time of their death as a possible reform to Australia's tax system. The Henry Tax Review considers the introduction of this tax would be economically efficient, however puts it aside because of its controversial history.1
The article reviews the advantages and disadvantages of introducing a bequest tax in Australia. It draws upon Australia's experience with Death and Gift Dutites, its current approach to taxing property, and the European experience with a Net Worth Tax.
"An inherited wealth tax for Australia? The Henry Recommendation 25 for a bequests tax,"
Revenue Law Journal: Vol. 22
, Article 8.
Available at: http://epublications.bond.edu.au/rlj/vol22/iss1/8