The taxation of property left to one's heirs is among the oldest forms of taxation, dating back at least to the time of Ancient Egypt.

• Position: Conferences

The taxation of property left to one's heirs is among the oldest forms of taxation, dating back at least to the time of Ancient Egypt. In Taiwan, as in various other countries, this practice continues today, with citizens and foreign residents both subject to estate and gift taxation. However, there is concern that the current estate and gift tax structure in Taiwan may be contributing to resource distortions and capital flight as a result of efforts by wealthy citizens and residents to avoid taxation. In...