Guardian article on inheriting, inter-generational wealth
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captainspoke
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RetireJapan
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Re: Guardian article on inheriting, inter-generational wealth
This is why I am a fan of a robust inheritance tax system with few loopholes.
English teacher and writer. RetireJapan founder. Avid reader.
eMaxis Slim Shady
eMaxis Slim Shady
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sutebayashi
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Re: Guardian article on inheriting, inter-generational wealth
That was interesting.
I got a free university education myself, but otherwise came over to Japan and did it all myself. A bit more money would have been nice, I guess!
This is much longer, but a different perspective from Sweden about their inheritance tax and how it came to be abolished:
https://www.svensktnaringsliv.se/bilder ... ce+tax.pdf
Here in Japan, there is quite an industry around inheritance tax avoidance schemes, which seems to lead to distorted economic decisions. Not a fan, personally.
I got a free university education myself, but otherwise came over to Japan and did it all myself. A bit more money would have been nice, I guess!
This is much longer, but a different perspective from Sweden about their inheritance tax and how it came to be abolished:
https://www.svensktnaringsliv.se/bilder ... ce+tax.pdf
Here in Japan, there is quite an industry around inheritance tax avoidance schemes, which seems to lead to distorted economic decisions. Not a fan, personally.