Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/335613 
Year of Publication: 
2025
Citation: 
[Journal:] Sustainable Development [ISSN:] 1099-1719 [Volume:] 33 [Issue:] 6 [Publisher:] John Wiley & Sons, Inc. [Place:] Chichester, UK [Year:] 2025 [Pages:] 8638-8647
Publisher: 
John Wiley & Sons, Inc., Chichester, UK
Abstract: 
This paper examines the relationship between wealth taxation and Sustainable Development Goals (SDGs) in OECD member countries and analyzes the impacts of wealth (related) taxes on social, environmental, and economic goals for the period of 2000–2021. The results from panel data estimations utilizing fixed effects and Driscoll‐Kraay standard errors indicate that wealth taxes positively contribute to social goals (such as reducing inequalities) but negatively affect economic goals. In the data, we observe that wealth taxes are as successful as corporate income taxes in generating the necessary finance for governments. This underscores that wealth taxes hold significant revenue potential in tackling real‐world problems such as climate change. However, our empirical results do not show any meaningful impact of wealth taxes on environmental objectives. With their current forms, wealth taxes lead to opposing effects on SDGs in OECD countries. Developing effective implementation strategies for wealth taxes is, therefore, essential for promoting future economic activities toward environmental sustainability and well‐being.
Subjects: 
sustainability
sustainable development goals
the systems approach
wealth taxation
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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