Daily Tax Report ®

OECD Tax Chief Urges Governments to Adopt Stronger Wealth Taxes

Jan. 13, 2021, 5:58 PM

The OECD tax head is calling on governments to increase or improve taxes on capital income to rectify the imbalance between taxes on personal income and capital.

Repeated increases of personal income tax and value-added tax reflect the fact that capital moves and wealthy individuals can easily cross the border, while most individuals can’t, said Pascal Saint-Amans, director of the OECD’s Center for Tax Policy and Administration.

  • “Globalization without tax regulation has translated into a shift of the tax burden from almost everybody to only the people who cannot move,” Saint-Amans said Wednesday during a panel hosted by the...

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