Is it worthwhile to reintroduce Estate Duty or Inheritance Tax?
However, is it worthwhile?
13 countries in the last 20 years have repealed their inheritance tax. Reason is obvious. Its revenue and purpose overweight the compliance cost andadministrative efficiency.
Recently, Macau and Hong Kong have also repealed it.
List of 13 Countries that has repealed the Inheritance Tax are as under:
|Country or Jurisdiction||Year of Repeal|