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Guardian article on inheriting, inter-generational wealth
Posted: Sun Dec 04, 2022 6:48 am
by captainspoke
Re: Guardian article on inheriting, inter-generational wealth
Posted: Sun Dec 04, 2022 8:20 am
by RetireJapan
This is why I am a fan of a robust inheritance tax system with few loopholes.
Re: Guardian article on inheriting, inter-generational wealth
Posted: Sun Dec 04, 2022 8:24 am
by sutebayashi
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.