OECD urges higher inheritance taxes in wake of pandemic

Mark Battersby
clock • 4 min read

Inheritance taxes are too small a proportion of many governments' revenues and need to rise in the wake of the Covid pandemic, according to a new (11 May) report by the Organisation for Economic Cooperation and Development (OECD). The report, called ‘Inheritance Taxation in OECD Countries', compared inheritance, estate and gift taxes across the 37-member OECD, and explored the potential role these taxes could play in raising revenues, addressing inequalities and improving efficiency of future tax systems. It found that on average, the inheritances and gifts reported by the wealthiest ...

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