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The purpose of the paper is to study current issues of wealth, which is due to current sustainable trends in wealth growth and increasing the number of wealthy individuals. The aim is to determine the nature, prerequisites for the emergence and development of wealth, as well as to reflect the historical aspects of the development of wealth and its current state. The topic of the article is caused by the need to reveal the modern stratification of social strata by the level of wealth, the formation of a wealthy class of society and its growth, the processes of creation and increase of wealth. At the same time the purpose of the article is to study the property as an object of taxation. In this connection, the economic essence of the wealth tax and the conditions of its introduction are considered, the specificity of the functioning of the wealth tax in the market economy is determined, the main features of the functioning of the wealth tax are identified. Methodology. Proper analysis of the social structure of society in terms of material wealth allows to assess the efficiency of the economy and the quality of public policy in the system of creation and distribution of public revenues, public goods and wealth. Without the results of these calculations, fatal mistakes appear in the choice of state priorities of socio-economic policy and the best decisions in the financial sphere. The study is based on a comparison of data on wealth tax in different countries. Results. The question and modern peculiarities of wealth are studied. The value of wealth for the society and the state is determined. Wealth tax is an effective fiscal instrument of the state in the distribution of public revenues. Wealth tax exists in many countries in different forms. Practical implications. The possibilities for improving well-being and increasing prosperity are explored. Adequate assessment of the level of well-being and wealth would enable the state to carry out a balanced and effective socio-economic and financial policy to stabilize society and adopt a stable public order. The financial essence of the property tax and the conditions for its introduction are studied. The peculiarities of the functioning of the wealth tax in the social market economy are considered. Value/originality. It has been established that wealth – a comprehensive, multifaceted category, which can be characterized as a specific feature of the socio-economic structure of society, which determines its state, results, dynamics and tendencies of development. Wealth characterizes the ability to achieve a positive result (effect) in the market conditions of management and use of the existing social and economic potential in the community, as evidenced by its level of civilizational development. The peculiarities of the functioning of the wealth tax in various countries of the world are considered. The use of the wealth tax as a fiscal instrument in the state tax system is suggested.
The purpose of the paper is to study current issues of wealth, which is due to current sustainable trends in wealth growth and increasing the number of wealthy individuals. The aim is to determine the nature, prerequisites for the emergence and development of wealth, as well as to reflect the historical aspects of the development of wealth and its current state. The topic of the article is caused by the need to reveal the modern stratification of social strata by the level of wealth, the formation of a wealthy class of society and its growth, the processes of creation and increase of wealth. At the same time the purpose of the article is to study the property as an object of taxation. In this connection, the economic essence of the wealth tax and the conditions of its introduction are considered, the specificity of the functioning of the wealth tax in the market economy is determined, the main features of the functioning of the wealth tax are identified. Methodology. Proper analysis of the social structure of society in terms of material wealth allows to assess the efficiency of the economy and the quality of public policy in the system of creation and distribution of public revenues, public goods and wealth. Without the results of these calculations, fatal mistakes appear in the choice of state priorities of socio-economic policy and the best decisions in the financial sphere. The study is based on a comparison of data on wealth tax in different countries. Results. The question and modern peculiarities of wealth are studied. The value of wealth for the society and the state is determined. Wealth tax is an effective fiscal instrument of the state in the distribution of public revenues. Wealth tax exists in many countries in different forms. Practical implications. The possibilities for improving well-being and increasing prosperity are explored. Adequate assessment of the level of well-being and wealth would enable the state to carry out a balanced and effective socio-economic and financial policy to stabilize society and adopt a stable public order. The financial essence of the property tax and the conditions for its introduction are studied. The peculiarities of the functioning of the wealth tax in the social market economy are considered. Value/originality. It has been established that wealth – a comprehensive, multifaceted category, which can be characterized as a specific feature of the socio-economic structure of society, which determines its state, results, dynamics and tendencies of development. Wealth characterizes the ability to achieve a positive result (effect) in the market conditions of management and use of the existing social and economic potential in the community, as evidenced by its level of civilizational development. The peculiarities of the functioning of the wealth tax in various countries of the world are considered. The use of the wealth tax as a fiscal instrument in the state tax system is suggested.
The purpose of this paper is to examine the current problems of wealth, which is due to the current steady trends of increasing wealth and the increasing number of wealthy people. The aim of the paper is to define the essence, prerequisites for the emergence and development of wealth, as well as to reflect the historical aspects of the evolution of wealth and its present state. The topic of the article is conditioned by the necessity to reveal modern stratification of social strata by the level of wealth, formation of society's wealthy class and its growth, processes of wealth creation and multiplication. At the same time, the purpose of the article is to study wealth as an object of taxation. In this connection, the economic essence of wealth tax and prerequisites for its introduction were considered, the specifics of functioning of wealth tax in the market economy were determined, and the most important features of functioning of wealth tax were revealed. Methodology. A correct analysis of the social structure of society in terms of material well-being makes it possible to assess the efficiency of the economy and the quality of public policy in the system of creation and distribution of public income, public goods and wealth. Without the results of these calculations, fatal errors arise in the choice of state priorities of socio-economic policy and in making optimal decisions in the financial sphere. The study is based on the comparison of wealth tax data in different countries. Results. The question and modern specificity of wealth is explored. The value of wealth to society and the state is determined. Wealth tax is an effective fiscal instrument of the state in the distribution of state revenues. Wealth tax exists in many countries in various forms. Practical implications. Possibilities of increasing welfare and increasing wealth are considered. An adequate assessment of wealth and well-being will allow the state to conduct a balanced and effective socio-economic and financial policy to stabilize society and adopt a stable social order. The financial essence of the wealth tax and the prerequisites for its introduction were studied. The specifics of functioning of wealth tax in the market socially oriented economy are considered. Value/originality. It was found that wealth is a complex, multifaceted category, which can be characterized as a specific feature of the socio-economic structure of society, which determines its state, results, dynamics and trends of development. Wealth characterizes the ability to achieve a positive result (effect) in the market conditions of management and use of socio-economic potential available in the society, which indicates the level of its civilizational development. The features of functioning of wealth tax in different countries of the world are considered. The use of wealth tax as a fiscal tool in the tax system of the state was proposed.
The purpose of this article is to study the topical issues of wealth taxation, which is due to the existing stable trends of growth of wealth of market subjects. Modern society is characterized by a marked increase in the wealth of individuals and corporations. Especially the number of wealthy individuals is growing. The aim of the paper is to define the essence of wealth and prerequisites of its taxation. The theme of the article is conditioned by the necessity to reveal different forms and methods of wealth taxation. At the same time the aim of the article is not to study wealth, but its taxation. In this connection the general system of taxes on wealth is considered and the peculiarities of functioning of different types of tax on wealth are determined. Methodology. A proper analysis of the social structure of society in the context of individual groups of taxpayers allows us to assess the effectiveness of the application of specific forms of wealth taxation. Results. The issue and modern specificity of the system of wealth taxes is explored. Wealth taxes exist in many countries in various forms. Practical implications. The peculiarities of application of different wealth taxes to different categories of taxpayers are investigated. The economic essence of taxes on wealth is investigated. The specifics of functioning of various taxes on wealth in modern conditions are considered. Value/originality. It has been established that taxation of wealth is a perfectly acceptable and even necessary form of fiscal influence of the state on society. A wealthy society is able to pay more taxes. This is important for the formation of state revenues. The economic potential of a large part of society is sufficient to pay a wealth tax. The peculiarities of functioning of different types of wealth tax for different taxpayers in different countries of the world are considered. The use of various taxes on wealth as a fiscal tool in the tax system of the state is proposed. Improvement of fiscal mechanisms of wealth taxation is recommended.
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