THE FEASIBILITY OF REGULATING THE WEALTH TAX WITH A VIEW TO TAX ISONOMY

Abstract

This article sought to analyze the feasibility of regulating the tax on large fortunes (IGF) in order to verify the possibility of tax equality in the country. Provided for in Article 153, VIII, of the Federal Constitution, and falling under the competence of the Union, it must be regulated by means of a Complementary Law, which has not yet been exercised. The principle of Tax Isonomy guarantees the institution of a progressive tax, as does the IGF, which imposes greater burdens on those with greater economic capacity. Through the use of deductive research techniques, in theoretical and qualitative research with the help of bibliographic and documental-legal material it is noticeable that the IGF can serve as aid to mitigate social disparities with the destination of resources to public policies, such as health or education. However, there are side effects, such as tax evasion and capital flight by taxpayers who hold great wealth.  Thus, it follows that, in theory, the regulation of the IGF may be feasible as long as appropriate measures are adopted to minimize its risks and ensure fiscal justice; however, the reality of its regulation should be carefully analyzed.