indicate that wealth taxes are particularly harmful for specific classes of investments, for example low-risk investments …, preceding analyses of the economic and particularly investment effects are necessary. As investments drive job creation, tax … effects (accelerated investment due to higher wealth tax rates) are more likely for low interest rates and for high-risk …

Tax uncertainty is often claimed to be harmful for investments. Capital taxes, such as property and wealth taxes, are … risk neutral investors are sensitive with respect to capital tax risk and may react in a surprising manner to a newly …, high capital tax risk delays high-risk innovative investment projects. To reduce unintended consequences of uncertain tax …