Such lengthy trusts can keep large chunks of wealth out of the tax man's reach for decades, or maybe even forever, he adds.
The introduction of a wealth tax would have shown seriousness of purpose (though it would also have allowed the state to dig its hands into Mr Berlusconi's pockets).
Mr Clegg is promising to ensure that the next government spending review will not include further spending cuts without a measure of wealth tax.
BBC: Lib Dem conference: Clegg promises to push for wealth tax
The Commission for Truth and Reconciliation had suggested that companies listed on the Johannesburg Stock Exchange pay wealth tax of about 1% of their market capitalization, but this recommendation was not followed.
Defending the record of Lib Democrat ministers since, Ms Williams said they had blocked Conservative plans to cut inheritance tax and "ensured the richest in society paid five times more of their wealth in tax".
And on the other hand, the Hinkley project on its own would create vast numbers of jobs, wealth and tax revenues - at a time when there is not exactly a surplus of big new investments being made in the UK's flatlining economy.
One of Sarkozy's proposals would allow people who get snagged by France's wealth tax the option of investing their money in small and medium-size companies instead of forking it over to the taxman.
One survey by BVA, a pollster, suggests that 64% are against getting rid of the wealth tax.
ECONOMIST: The president looks for ways to scrap a popular tax
One advantage of a wealth tax is that it would get Warren Buffett to stop complaining about not paying enough taxes.
Second, by paying tax on the conversion with funds from his taxable accounts, he increased the share of his wealth that's tax-sheltered.
This is the same Mr Buffett who has very publicly advocated the retention of the estate tax to prevent intergenerational transfers of wealth.
The signers of the Responsible Wealth estate tax call are not just outliers, and some are billionaires.
Instead of redistributing wealth through the tax and benefit system, there should be more "predistribution", the Labour leader said in a speech.
BBC: Ed Miliband unveils 'predistribution' plan to fix economy
Last year Goldman Sachs formed a Strategic Wealth Advisory Team of a dozen tax and estate lawyers who travel around the country advising investment banking customers.
However the wealth tax on owners of marginally profitable businesses (or businesses whose profit is mostly earned outside of the U.S.) would pay more tax.
Or, is it because of the increasing tax rates and general environment of chaos and wealth-confiscation in Greece?
FORBES: Austerity In Greece? Sure, And There's Snow In Mykonos Too
Mr Jospin came to power last June on a hard-left, Euro-hesitant programme promising the creation of 350, 000 public-sector jobs, a cut in the working week from 39 to 35 hours without loss of pay, big increases in wages and social benefits, a halt to privatisation, a rise in the wealth tax, a rejection of the single currency's stability pact and so on.
He is a member of Responsible Wealth, which brings together high-wealth and high-income individuals in support of progressive tax policy.
FORBES: Why Should I Pay Less Taxes Than Someone Who Earns It All by Hard Work?
In their view, people think of a large lump-sum tax cut as new wealth and thus save it, while they think of the extra money that shows up in their weekly paycheck as additional income and spend it.
FORBES: Study Finds Payroll Tax Cuts May Boost the Economy More Than You Think
In France, they have floated the idea of just assessing wealth a 1% tax.
He will never pay a penny of income tax on this wealth unless he is extraordinarily patriotic.
He was asked about a proposal by activist Desmond Tutu for whites to pay a wealth tax, given their heritage of privilege.
None of the three understands the wealth tax embedded in sales taxation.
FORBES: Nancy Pelosi and Charles Rangel Should Love 9-9-9's Huge Wealth Tax
This article focuses on how the estate tax prevents concentrations of wealth.
FORBES: Should An Income Tax On Inheritance Replace The Estate Tax?
Last year two economists, Wojciech Kopczuk of Columbia and Emmanuel Saez of Berkeley, analyzed estate tax returns to calculate the fraction of the country's wealth held by its very richest citizens.
Along the lines of the above, a more confiscatory estate tax is often trotted out as a way of equalizing wealth inequalities.
FORBES: What Keith Richards' "Life" As a Rolling Stone Tells Us About Economics
Some way of combining the abolition of both the shield and the wealth tax with a higher upper tax band could be seen as fairer, by rich and poor alike.
The viciousness of the anti-wealth bigots contributes heavily to expanding the size and scope of government and piling more tax burdens on the 1% minority.
Yet at the same time he is admired on the right for backing a referendum on Britain's EU membership, and as an early voice calling for the abolition of the 50% top rate of income tax seen by Mr Johnson as a disastrous symbol of hostility to wealth-creators.
They say the estate tax helps prevent the perpetuation of wealth.
应用推荐