U.S. Sen. Warren’s Wealth Tax Proposal: Will Fighting U.S. Inequality Aggravate Global Inequality?

7 Pages Posted: 30 Apr 2019 Last revised: 16 May 2019

See all articles by Monica Victor

Monica Victor

University of Florida, Levin College of Law

Date Written: March 28, 2019

Abstract

Recently, the U.S. Senator Elizabeth Warren proposed a Wealth Tax on “Americans Super Millionaires” which was announced as a measure to reduce U.S. inequality, to rebuild the American middle class and to promote tax justice. Wealth inequality is a global issue, the imposition of a domestic Wealth Tax without international coordination and agreed international rules about the allocation of taxing rights and wealth among countries will aggravate global inequality and concentrate public revenue in jurisdictions with better enforcement capabilities.

Keywords: Wealth Tax, Global Inequality, Tax Cooperation, Tax Competition, Tax Justice

Suggested Citation

Victor, Monica, U.S. Sen. Warren’s Wealth Tax Proposal: Will Fighting U.S. Inequality Aggravate Global Inequality? (March 28, 2019). Available at SSRN: https://ssrn.com/abstract=3361612 or http://dx.doi.org/10.2139/ssrn.3361612

Monica Victor (Contact Author)

University of Florida, Levin College of Law ( email )

P.O. Box 117625
Gainesville, FL 32611-7625
United States

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