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Author
Kudła Janusz (University of Warsaw, Poland), Woźniak Rafał (University of Warsaw, Poland), Walczyk Konrad (University of Warsaw, Poland), Dudek Maciej (University of Michigan, Ann Arbor, MI, United States), Kruszewski Robert (Warsaw School of Economics, Poland)
Title
Determinants of inheritance and gifts taxation in the European Union
Source
International Journal of Management and Economics, 2023, vol. 59, nr 3, s. 225-242, tab., bibliogr. 38 poz.
Zeszyty Naukowe / Szkoła Główna Handlowa. Kolegium Gospodarki Światowej
Keyword
Podatek od spadków i darowizn, Zamożność społeczeństwa, Starzenie się społeczeństw, Sytuacja finansowa
Inheritance and donation tax, Society affluence, Ageing of the population, Financial situation
Note
JEL Classification: D31, H24
summ.
Company
Unia Europejska (UE)
European Union (EU)
Abstract
Determinants of inheritance and gifts taxation in the European Union Inheritance and gift taxation vary widely among countries in both the design and tax burden. We analyze the impact of a series of factors, such as the country's affluence, political preferences, preferencesfor equity, aging ratio, fiscal standing of the state, and the country's size, on inheritance tax systems. The applied methods involve the random effects ordered logistic regression for tax design and tobit correlated-random effect models for tax revenues. We find that inheritance tax design is mainly determined by demographic factors while tax revenues depend on a broader group of factors including political orientationof a state, condition of an economy, and the size of a country. Higher preferences for equal distribution and commitment to democratic norms are associated with higher tax revenues. Good economic condition of thestate boosts revenues, as does country's higher population. The results shed some light on future evolution of inheritance taxation.(original abstract)
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The Library of Warsaw School of Economics
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Bibliography
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Cited by
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ISSN
2299-9701
Language
eng
URI / DOI
https://doi.org/10.2478/ijme-2023-0004
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