Yarenko G. Net-Wealth Taxation: World Practice and Ukrainian Realities

This thesis aims to investigate the theoretical foundations of the net-wealth taxation, the international net-wealth taxation practices and its prospects in Ukraine. It also explores the evolution of attitudes towards wealth and scientifically substantiates that wealth is an economic category, which has its peculiar features, an objective social purpose and functions. The thesis deals with a modern concept of wealth as a taxable item. It outlines the conditions required for implementing and efficiently administering the net-wealth tax by providing a summary of international developments in this area. The thesis explores the international net-wealth taxation practices and analyses the place and role of the net-wealth tax in the redistribution of the gross domestic product and generation of tax revenues to the budgets of EU countries. It reviews the best practices of foreign countries in the state administration of the net-wealth tax as the basis for its efficient operation. The net-wealth taxation practices in some of the European countries are summarized in the thesis, including the description of the peculiar characteristics of the net-wealth tax elements. This thesis also analyses the prospects of the net-wealth tax implementation in Ukraine and specifies the conditions precedent to be satisfied for the efficient implementation of the net-wealth tax in Ukraine. It presents justifications for the proposals associated with the administering of the net-wealth tax. It also identifies the problems associated with the net-wealth tax efficiency and provides recommendations on how these problems should be addressed.