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The taxation of property left to one's heirs is among the oldest forms of taxation, dating back at least to the time of Ancient Egypt.

The taxation of property left to one's heirs is among the oldest forms of taxation, dating back at least to the time of Ancient Egypt. In Taiwan, as in various other countries, this practice continues today, with citizens and foreign residents both subject to estate and gift taxation. However, there is concern that the current estate and gift tax structure in Taiwan may be contributing to resource distortions and capital flight as a result of efforts by wealthy citizens and residents to avoid taxation. In this paper, Ho and Erard summarize the current structure of estate and gift taxation in Taiwan, review operational statistics on tax payments, and explore the implications of some alternative proposals for short-run reform. They also briefly discuss the scope for longer-term reform involving the integration of the estate and gift tax systems.
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Title Annotation:Conferences
Publication:NBER Reporter
Date:Jun 22, 2005
Words:137
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