11 July 2023

Wealth taxes can backfire

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. How much have economists suggested could be generated by a 2% tax on extreme wealth?

  2. Which of the following European OECD members have net wealth taxes?

  3. Which of the following European OECD members have a wealth tax on limited assets only?

  4. Which period did the author’s research span?

  5. Which of the following are classed as assets within an individual’s overall net worth?

  6. In 2011, what was Norway’s wealth tax rate?

  7. On average, how much did controlling shareholders opt to allocate in additional dividends during the period of the study?

  8. Which of the following statements is true? Statement 1, a CEO relocating for tax purposes could lead to reputational damage, or statement 2, a CEO relocating for tax purposes could lead to loss of company control

  9. According to the author’s research, how much can significant dividend payouts affect stock price?

  10. Which of the following statements is correct? Statement 1, tax-driven dividend increases are often in the best interests of the company, or statement 2, boards with a controlling shareholder may not have the capacity to provide effective oversight

1 unit