Luxury Tax to Level Out the Inequality of Citizens' Wealth

Solving the issues of replenishing the revenues of the state treasury and leveling the inequality of citizens' wealth is possible by reforming luxury taxation. The article reveals the semantic content and economic specificity of the concepts of luxury, wealth and capital, shows their common features and specific characteristics. The specifics of the experience of Norway, Spain, Switzerland and Argentina in luxury taxation are investigated. The options for introducing a luxury tax in modern conditions and the associated opportunities and dangers are considered. In order to improve the taxation of luxury in Russia, it is proposed to include in addition to vehicles registered in the Russian Federation, vehicles owned by tax residents of the Russian Federation on the basis of the right of ownership, economic management and operational management, to introduce increased rates for foreign luxury of tax residents of the Russian Federation with the possibility of their reduction in the event of repatriation of assets. The prerequisites for making adjustments to the current tax legislation of the Russian Federation on land tax, personal property tax within the framework of property taxation and personal income tax within the framework of income taxation are indicated.