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1 Alan Cole, Estate and Inheritance Taxes around the World 1 (2015)

handle is hein.taxfoundation/esinhtxw0001 and id is 1 raw text is: 

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FOUNDATION Estate and nheritance Taxes around

FISCAL                  the World
Mar. 2015                By Alan  Cole
No. 458

                         Key  Findings

                            The U.S. has the fourth highest estate or inheritance tax rate in the OECD at 40
                            percent; the world's highest rate, 55 percent, is in Japan, followed by South Korea
                            (50 percent) and France (45 percent). Fifteen OECD countries levy no taxes on
                            property passed to lineal heirs.
                            The U.S. estate tax has a high rate and a large exemption; as a result, it raises very
                            little revenue and applies to very few households.
                            U.S. estate tax receipts have declined precipitously over the last fifteen years, from
                            $38 billion (2015 dollars) in 2001 to an estimated $20 billion in 2015.
                            As estate taxes become narrow-based, meager revenue sources with high
                            administrative costs, repeal becomes a strong option. Thirteen countries or
                            jurisdictions have repealed their estate or inheritance taxes since 2000.
                            Repeal of the U.S. estate tax would gradually increase the U.S. capital stock by 2.2
                            percent, boost GDP, create 139,000 jobs, and eventually increase federal revenue.

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