UPSC Exam  >  UPSC Questions  >   What is the primary purpose of a wealth tax ... Start Learning for Free
What is the primary purpose of a wealth tax as recommended by Gabriel Zucman in the Global Tax Evasion Report 2024?
  • a)
    Encouraging the accumulation of wealth
  • b)
    Discouraging individuals from engaging in tax evasion
  • c)
    Reducing economic growth and investment
  • d)
    Promoting fairness and equality in taxation
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
What is the primary purpose of a wealth tax as recommended by Gabriel...
The primary purpose of a wealth tax, as recommended by Gabriel Zucman, is to promote fairness and equality in taxation. This type of tax takes into account taxpayers' overall economic status and their ability to pay taxes, aiming to create a more equitable system, especially in societies with significant wealth disparities. By taxing ultra high net worth individuals, the wealth tax seeks to ensure that the wealthiest individuals contribute their fair share to society's financial needs.
View all questions of this test
Explore Courses for UPSC exam

Top Courses for UPSC

What is the primary purpose of a wealth tax as recommended by Gabriel Zucman in the Global Tax Evasion Report 2024?a)Encouraging the accumulation of wealthb)Discouraging individuals from engaging in tax evasionc)Reducing economic growth and investmentd)Promoting fairness and equality in taxationCorrect answer is option 'D'. Can you explain this answer?
Question Description
What is the primary purpose of a wealth tax as recommended by Gabriel Zucman in the Global Tax Evasion Report 2024?a)Encouraging the accumulation of wealthb)Discouraging individuals from engaging in tax evasionc)Reducing economic growth and investmentd)Promoting fairness and equality in taxationCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the primary purpose of a wealth tax as recommended by Gabriel Zucman in the Global Tax Evasion Report 2024?a)Encouraging the accumulation of wealthb)Discouraging individuals from engaging in tax evasionc)Reducing economic growth and investmentd)Promoting fairness and equality in taxationCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary purpose of a wealth tax as recommended by Gabriel Zucman in the Global Tax Evasion Report 2024?a)Encouraging the accumulation of wealthb)Discouraging individuals from engaging in tax evasionc)Reducing economic growth and investmentd)Promoting fairness and equality in taxationCorrect answer is option 'D'. Can you explain this answer?.
Solutions for What is the primary purpose of a wealth tax as recommended by Gabriel Zucman in the Global Tax Evasion Report 2024?a)Encouraging the accumulation of wealthb)Discouraging individuals from engaging in tax evasionc)Reducing economic growth and investmentd)Promoting fairness and equality in taxationCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of What is the primary purpose of a wealth tax as recommended by Gabriel Zucman in the Global Tax Evasion Report 2024?a)Encouraging the accumulation of wealthb)Discouraging individuals from engaging in tax evasionc)Reducing economic growth and investmentd)Promoting fairness and equality in taxationCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What is the primary purpose of a wealth tax as recommended by Gabriel Zucman in the Global Tax Evasion Report 2024?a)Encouraging the accumulation of wealthb)Discouraging individuals from engaging in tax evasionc)Reducing economic growth and investmentd)Promoting fairness and equality in taxationCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for What is the primary purpose of a wealth tax as recommended by Gabriel Zucman in the Global Tax Evasion Report 2024?a)Encouraging the accumulation of wealthb)Discouraging individuals from engaging in tax evasionc)Reducing economic growth and investmentd)Promoting fairness and equality in taxationCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of What is the primary purpose of a wealth tax as recommended by Gabriel Zucman in the Global Tax Evasion Report 2024?a)Encouraging the accumulation of wealthb)Discouraging individuals from engaging in tax evasionc)Reducing economic growth and investmentd)Promoting fairness and equality in taxationCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What is the primary purpose of a wealth tax as recommended by Gabriel Zucman in the Global Tax Evasion Report 2024?a)Encouraging the accumulation of wealthb)Discouraging individuals from engaging in tax evasionc)Reducing economic growth and investmentd)Promoting fairness and equality in taxationCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev