Would the Administrative Cost Exceed the Revenue?
France's tax authority spent close to 103 million euros running its wealth tax in 2016. Norway, Spain and Switzerland could give the Wealth Tax Commission no comparable figure at all.
Would Every Wealthy Person Need an Annual Valuation?
The objection pictures everyone valuing everything they own once a year. About 22,000 people in Britain hold net wealth above ten million pounds, and everyone else files nothing.
How Do You Value a Private Company?
Unlisted businesses have no market price, which is said to put them beyond a wealth tax. Spain, Norway and Switzerland each already put a number on them, and each pays a different price for doing so.
