Cnossen, Sijbren; Bovenberg, Lans - CESifo - 2000
that the effective and neutral taxation of capital income can best be ensured through a combination of (a) a capital … income and substitutes it by a presumptive capital income tax, which is in fact a net wealth tax. This paper contrasts this … wealth tax with a conventional realization-based capital gains tax, a retrospective capital gains tax which attempts to …