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- Title
TAX AVOIDANCE AND THE FEDERAL ESTATE TAX.
- Authors
LOWNDES, CHARLES L. B.
- Abstract
The article analyzes the problem of tax avoidance associated with death tax due to several loopholes in the federal estate tax system in the U.S. It is stated that, the current system in which death tax is limited to the taxation of estate and intestate succession provides incentive for tax avoidance, and the effective way of preventing the avoidance of death tax is to tax all the transfers which a person makes at the same rates and in the same fashion, regardless of whether or not they are testamentary. However, as stated, the federal tax system has adopted ways to prevent the avoidance like, imposing tax on gifts in contemplation of death, as people use to make an outright gift of their property while near to their death to avoid the death tax.
- Subjects
UNITED States; INHERITANCE &; transfer tax; TAX evasion; TAXATION; GOVERNMENT revenue; INTERNAL revenue; PUBLIC finance; DEATH; BENEFICIARIES
- Publication
Law & Contemporary Problems, 1940, Vol 7, Issue 2, p309
- ISSN
0023-9186
- Publication type
Article
- DOI
10.2307/1189625