On the accumulation of wealth and the future of global progressive taxes in “Capital in the 21st Century”, by Thomas Piketty, in the context of Latin America

Authors

  • Luis A. Herrera Pontifical Catholic University of Argentina image/svg+xml

Keywords:

Piketty, Fiscal Institutions, Progressive Taxes, Wealth

Abstract

In this essay are analyzed the main economic issues addressed in the book: Capital in the Twenty-First Century by Thomas Piketty, it explores the central thesis of this paper and seeks to explain which are it’s major proposals related to world economic development and the role of institutions in this economic process, with special emphasis on fiscal institutions. In particular, this paper studies the propose of an overall progressive tax on wealth and the fiscal institutions that would support this type of tax and also analyzes the alternatives proposed by the author, referring to deepen the estate tax on large economic units as US the EU. Finally, an analysis of the feasibility of this global tax in Latin America and the historical evolution of the estate tax in this region is made.

Downloads

Download data is not yet available.

References

Bird R. M. and Slack E. (2004) International Handbook of Land and Property Taxation, Edward Elgar Publishing, CANADA.

Cetrángolo O. y Gomez Sabaini J. C. (2007) La tributación directa en América latina y los desafíos de la imposición sobre la renta, Serie Macroeconomía del Desarrollo Nº 60, CEPAL, Santiago de Chile, CHILE.

Cetrángolo O. y Gomez Sabaini J. C. (2009) La imposición en la Argentina: un análisis de la imposición a la renta, a los patrimonios y otros tributos considerados directos, Serie Macroeconomía del Desarrollo Nº 84, CEPAL, Santiago de Chile, CHILE.

Dye R. F. and England R. W. (2010) Assessing the Theory and Practice of Land Value Taxation, Ed. Lincoln Institute of Land Policy, Cambridge.

Gomez Sabaini J. C. y Jimenez, J. P. (2011) El financiamiento de los gobiernos subnacionales en América latina: un análisis de casos, Serie Macroeconomía del Desarrollo Nº 111, CEPAL, Santiago de Chile, CHILE.

McCluskey W. J. (1991) Comparative Property Tax Systems, Aldershot, Avebury publishing limited. U.K.

McCluskey W. J. (1999) Comparative Property Tax Systems, an international comparative review, Aldershot, Avebury publishing limited. U.K.

Piketty T. (2014) Capital in the Twenty-First Century, Harvard University Press, Cambridge, M.A., EE.UU.

Downloads

Published

2015-11-04

Issue

Vol. 2 No. 3 (9): Ensayos de Política Económica 2015

Section

Artículos

License