Proceedings of the 2024 3rd International Conference on Social Sciences and Humanities and Arts (SSHA 2024)

<Previous Article In Volume
Next Article In Volume>

Equitable Wealth Distribution through Property and Inheritance Taxes: Global Practices and Implications for China

Authors
Guanyu Liu1, *
1Department of Economics, University of Macau, Macao Special Administrative Region, Macau, China
*Corresponding author. Email: tonyliugy011@gmail.com
Corresponding Author
Guanyu Liu
Available Online 21 June 2024.
DOI
10.2991/978-2-38476-259-0_79How to use a DOI?
Keywords
Property Tax; Inheritance Tax; Common Prosperity; Taxation Systems
Abstract

This paper delves into the complexities of residential or commercial property and inheritance taxes, their meaning, purpose, and the more comprehensive implications of their implementation worldwide, with a focused evaluation in China. Property tax, targeting land and its accessories, emerges as a steady revenue source, difficult to avert and critical for income redistribution. Inheritance tax, levied on the net estate of the deceased, acts as a system for equitable wealth distribution, despite its complexity and the difficulties in valuation and management. By comparing and contrasting these taxes within different global jurisdictions, this study supplies insights into their roles in dealing with wealth variation and improving fiscal techniques. The analysis encompasses pilot programs in China, evaluating the expediency and impact of these taxes in the Chinese context. The paper underscores the capacity of property and estate tax in cultivating economic stability, social equity, and the redistribution of wealth, alongside suggestions for policymakers aiming to improve these taxation systems.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2024 3rd International Conference on Social Sciences and Humanities and Arts (SSHA 2024)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
21 June 2024
ISBN
978-2-38476-259-0
ISSN
2352-5398
DOI
10.2991/978-2-38476-259-0_79How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Guanyu Liu
PY  - 2024
DA  - 2024/06/21
TI  - Equitable Wealth Distribution through Property and Inheritance Taxes: Global Practices and Implications for China
BT  - Proceedings of the 2024 3rd International Conference on Social Sciences and Humanities and Arts (SSHA 2024)
PB  - Atlantis Press
SP  - 760
EP  - 768
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-259-0_79
DO  - 10.2991/978-2-38476-259-0_79
ID  - Liu2024
ER  -