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Look to Monaco

Comment 23rd July 2010

If we are to have some form of Inheritant Tax why don't we copy Monaco, there is no tax for children or spouse, brother's and sisters 8%, uncles and aunts neices and nephews 10%, other relatives 13% and none related 16%.

That way the nearer you are related the less you pay and those indirectly inheriting being expected to pay a percentage.

Why does this matter?

This means that people inheriting from parents or spose all their hard work and savings will go to the people they cared and worked for most. Giving them full support financialy when suddenly left to manage on their own, usualy other members of the family may already have a spose a home etc. and may not be in need as much so should be expected to contribute from their new found fortune.

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