TALK of a new tax called the inheritance tax being introduced in Budget 2018 surfaced a week or two ago. Inheritance tax around the worldThe tax is usually found in developed nations. But inheritance tax, which is designed to tax the wealthy and reduce the inequality gap, comes with its own set of problems. “Inheritance tax, similar to estate duty or estate tax, is assessed on the net worth of an individual at death. The association remarked that the best way to tackle wealth inequality was through taxation, especially inheritance tax.

Source: The Edge Markets September 18, 2017 06:56 UTC