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Policy Brief: A European Wealth Tax

Author

Listed:
  • Kapeller, Jakob
  • Leitch, Stuart
  • Wildauer, Rafael

Abstract

The distribution of wealth in the European Union is heavily concentration at the top. The richest 1% of households hold a third of total aggregate net wealth while the poorest 50% of households hold less than 5% of total net wealth. The flipside of this strong concentration of wealth is the high revenue potential of wealth taxes. The estimates presented here suggest that a progressive tax on net wealth could generate revenues between 3% and 10.8% of GDP.

Suggested Citation

  • Kapeller, Jakob & Leitch, Stuart & Wildauer, Rafael, 2021. "Policy Brief: A European Wealth Tax," Greenwich Papers in Political Economy 32134, University of Greenwich, Greenwich Political Economy Research Centre.
    • Handle: RePEc:gpe:wpaper:32134
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    File URL: http://gala.gre.ac.uk/id/eprint/32134/7/32134%20WILDAUER_A_European_Wealth_Tax_2021.pdf
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    References listed on IDEAS

    as
    1. Kapeller, Jakob & Leitch, Stuart & Wildauer, Rafael, 2021. "A European wealth tax for a fair and green recovery," Greenwich Papers in Political Economy 31442, University of Greenwich, Greenwich Political Economy Research Centre.
    2. Kapeller, Jakob & Leitch, Stuart & Wildauer, Rafael, 2021. "A European Wealth Tax for a Fair and Green Recovery," ifso expertise 16, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
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    Cited by:

    1. Tippet, Benjamin & Wildauer, Rafael & Onaran, Özlem, 2021. "The case for a progressive annual wealth tax in the UK," Greenwich Papers in Political Economy 33819, University of Greenwich, Greenwich Political Economy Research Centre.

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