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12 Eur. Tax Stud. I-1 (2022)

handle is hein.journals/eurotaxs13 and id is 1 raw text is: Comparative studies - peer-reviewed Studi Tributari Europei. Vol.12 (2022) https://doi.org/1 0.6092/issn.2036-3583/1 6684 ISSN 2036-3583 The Ability to Pay Principle: a Portuguese/Brazilian perspective Gloria Teixeira* Francisco Malaquias de Almeida Neto** Tiago Brandao de Pinho*** Published: October 3, 2023 Abstract Despite the possible negative points of the wealth tax, this tax has the substantial function of diminishing social inequalities, the assumption of which is a vital element of the ability to pay principle. Wealth taxation should be the rule and not the exception in the range of opportunity in tax policy. Keywords: Ability to pay; solidarity; equality; tax justice; Portugal. TABLE OF CONTENTS: Introduction - 1. Ability to pay and the Tax on Large Fortunes in the Portuguese and Brazilian Legal System: the financial impact of Taxation on Income and Capital - 2. The European Scenario: The Main Reasons for the Inefficiency of the Large Fortune Tax - 3. Is there observance of the ability to pay principle in the Absence of Taxation on Wealth? - Conclusion - References Introduction The Brazilian song farinha pouca, meu pirao primeiro,I whose plot symbolizes the greed of man in times of scarcity, represents well the current contributory feeling. People don't want to contribute even according to their ability. Curious that when talking about wealth tax, we would not be in a context of economic need, but of abundance. By the logic of the Fiscal State, one must tax the riches, in their proportions, so that they can be distributed fairly. Certainly, taxes integrate a lot of consideration in the composition of state revenues, through which it will be possible to carry out public policies and provide public services necessary for collective well-being. So why is it so hard to demand a tax on the big fortunes? In the European experiences, few na- tions created and, mainly, maintained the current wealth tax, with the central justification of the potential evasion of the assets to be taxed. Even in the face of matters related to tax policy, it is intended to ascertain whether the absence of the wealth tax contradicts the logic of the tax structure and whether the reasons against its * University of Porto (PT); K gloria@direito.up.pt ** University of Porto (PT) *** Tax Judge (PT) 1. SILVA, Bezerra. Meu Pirdo Primeiro. Disponfvel em: https://www.youtube.com/watch?v=9YfTuIPwhMY. Acesso em: 29 de abr. 2022. Copyright © 2022 Studi Tributari Europei I - 1 The text in this work is licensed under the Creative Commons Attribution-NonCommercial License. https://creativecommons.org/licenses/by-nc/4.0/

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