What is an Inheritance Tax?

Estate tax is a country or region's tax on inheritance left by the deceased, sometimes called "death tax" abroad. The original purpose of levying inheritance tax was to prevent excessive disparity between the rich and the poor through the adjustment of inheritance and gifted property.

[yí chn shuì]

The inheritance tax originated in ancient Egypt more than 4,000 years ago. For the purpose of raising military expenses, the Egyptian pharaoh

Large insurance policies are growing

It is understood that under the influence of "heritage tax will be levied", the number of people who go to insurance companies to consult "insurance tax avoidance" has increased significantly. Statistics show that in the first half of 2015, life insurance companies' life insurance policies with a sum of more than 1 million yuan increased by 90% year-on-year. ^[2]

More than 100 countries in the world have levied inheritance taxes, but there are large differences in the specific implementation of inheritance tax systems. Overall, the legacy

China levies estate tax and

1. When the estate tax is first levied, the levy should not be too wide.

On September 28, 2013, the news that the inheritance tax was written into the draft of the Third Plenary Session of the Eighteenth Central Committee of the Communist Party of China will trigger widespread discussions on the topic of "Do you agree to inheritance tax?"

Estate tax and

Controversial inheritance tax of 800,000 points will be met with a lot of opposition if launched

How to collect estate tax, "

On May 11, 2014, the Japanese government was discussing increasing the social security actuarial tax on Japanese citizens, the so-called "death consumption tax." ^[8]

This "death consumption tax" refers to a certain percentage of taxes levied on property left after a person's death in order to cope with the Japanese government's increasing burden of medical expenses for the elderly. ^[8]

Some commented that the Japanese government's practice was "exploitation from the cradle to the grave". Because letting a living person bear the medical expenses that would have been borne by the government would cause dissatisfaction, an attempt was made to tax the deceased who would not complain. ^[8]

As of May 9, 2014, Japan's national debt has reached 1024 trillion yen (about 62.6 trillion yuan). In response, the Japanese government has continuously adopted tax increases. ^[8]

Japan s excise tax increased to 8% in April, and will again increase to 10% in October 2015. In addition, starting from June, the "Restoration Special Resident Tax" will be added. In 2015, the amount of personal income tax and inheritance tax will be reduced. National annuity insurance premiums will continue to rise. National health insurance premiums of some municipalities will also rise sharply. ^[8]