Although income inequality has received a lot of attention lately, wealth inequality gets less notice. Economist Thomas Piketty, in his best-selling Capital in the Twenty-First Century, had even proposed a global wealth tax to tackle the problem, an idea that came to naught. The IMF’s James Brumby and Michael Keen provide an incisive look at ways in which governments could use their tax policies to target wealth inequality. getAbstract recommends this provocative report to policy experts, wealth managers, tax professionals and others with an interest in tax policy.
In this summary, you will learn
- Why wealth inequality is an important issue,
- How rich people and multinational corporations avoid paying taxes, and
- What steps governments could take to fight tax evasion and reduce wealth inequality.
About the Authors
James Brumby is a director in the IMF’s governance global practice, and Michael Keen is a deputy director in the fiscal affairs department of the IMF.