Cnossen, Sijbren; Bovenberg, Ary Lans - 2000
income and substitutes it by a presumptive capital income tax, which is in fact a net wealth tax. This paper contrasts this … that the effective and neutral taxation of capital income can best be ensured through a combination of (a) a capital … returns on hard-to-value real estate and small businesses, and (c) a broad presumptive capital income tax, i.e., a net wealth …