Who should pay a wealth tax? Some design issues

Any wealth tax design needs to resolve the question of who should pay it How wide net be cast? Setting high or low exempt thresholds affects avoidance behaviour and may influence whether one by reference household (and if so how that defined) simply on each individual owns over a certain threshold. Typically, taxes in other countries have not been imposed non-residents except relation real property but questions remain any period given new arrivals, least for administrative convenience. A one-off would require different number respects from an annual tax. For example, off t need designed catch those recently left UK contain modifications recent arrivals. Trusts, foundations similar vehicles pose particular problems author suggests some possible solutions connecting factors could considered.