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Wealth inequality will rise over the next decade unless death duties also increase, says thinktank
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The OECD believes that inheritance tax should rise in the wake of the pandemic given that wealth inequality has grown over the period, and is likely to continue to rise.
However, it's a difficult balance to strike: whilst existing tax relief schemes appear to benefit the wealthiest in society, any increase in inheritance tax is likely to increase tax avoidance and this may mean that an increase in the rate of taxation could see lower tax receipts.