Equity, Transparency, Cooperation and the Taxation of High Net Worth Individuals

This article discusses the taxation of high net worth individuals with the objective of achieving an equitable and transparent tax system. The article provides a review of the growth of top incomes over time, the taxable capacity of top income earners and their effective tax rates. It also discusses the ability of such individuals to evade taxes and the measures that should be in place to curb such revenue loss.