Wealth Taxes and Devolution

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Abstract

This paper poses the question: if the UK were to introduce a net wealth tax, to what extent would there be a case for that tax, or elements of that tax, to be devolved to the UK’s three devolved legislatures? The notion of a tax being devolved in this sense can include anything on the spectrum from full devolution, through some form of tax sharing arrangement where devolved government can vary specific aspects of the tax within their territories, to revenue assignment. To analyse this question, the paper draws on economic theory, the practical experience of recent tax devolution in the UK, and lessons from other countries that operate a wealth tax at devolved level.
Original languageEnglish
Place of PublicationLondon
PublisherWealth Tax Commission
Number of pages29
DOIs
Publication statusPublished - 30 Oct 2020

Publication series

NameWealth and policy
PublisherWealth tax commission

Keywords

  • tax devolution
  • VAT policy
  • net wealth tax
  • fiscal federalism
  • public spending
  • taxation
  • spatial inequality
  • spillover effects

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