STEPS FOR IMPLEMENTing a wealth tax
ENFORCE AND COLLECT
PREVENT AVOIDANCE
SET RATES AND RULES
VALUE THE ASSETS
DEFINE THE BASE
ENFORCE AND COLLECT
Build systems to ensure accurate reporting, compliance and efficient collection of funds.
prevent avoidance
Introduce measures to prevent tax avoidance through loopholes such as capital flight.
VALUE THE ASSETS
Establish consistent methods to work out the market value of all taxable wealth, including assets that are not liquid.
DEFINE THE BASE
Decide which assets and individuals are to be taxed, including thresholds for liability.
SET RATES AND RULES
Determine tax rates and bands as well as any exemptions or reliefs in order to understand who is paying and how much they are paying.
STEPS FOR IMPLEMENTing a wealth tax
Stanley Legge
Created on March 20, 2026
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Transcript
STEPS FOR IMPLEMENTing a wealth tax
ENFORCE AND COLLECT
PREVENT AVOIDANCE
SET RATES AND RULES
VALUE THE ASSETS
DEFINE THE BASE
ENFORCE AND COLLECT
Build systems to ensure accurate reporting, compliance and efficient collection of funds.
prevent avoidance
Introduce measures to prevent tax avoidance through loopholes such as capital flight.
VALUE THE ASSETS
Establish consistent methods to work out the market value of all taxable wealth, including assets that are not liquid.
DEFINE THE BASE
Decide which assets and individuals are to be taxed, including thresholds for liability.
SET RATES AND RULES
Determine tax rates and bands as well as any exemptions or reliefs in order to understand who is paying and how much they are paying.