What if Nepotism Tax exists? | How Inheritance Tax Works | Dhruv Rathee

Imagine if there was a tax which could remove nepotism from society? A tax which is there during Inheritance. On similar grounds, There used to be the Estate duty in India. As per this law, on the demise of a person, when his movable and immovable property was passed onto his or her heirs, an estate duty was levied. Inheritance tax and Estate duty are pretty much the same thing. Wealth tax and Gift tax are also related. n this video, I explain how can a potential inheritance tax be implemented and who will have to pay it? And is it even needed?

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0:00 Introduction
3:34 Concept of Wealth Tax
4:19 Concept of Gift Tax
6:10 Case Study: USA
8:26 Case Study: Britain
9:10 How these Taxes work in Europe
11:26 Countries which removed this.
13.10 Robinhood Tax vs Nepotism Tax
15:00 Should India have Inheritance Tax?