The Estate Tax Abroad

Chris Edwards of the Cato Institute has a new brief on the estate tax. Here is an interesting tidbit:

Of 50 countries surveyed by PricewaterhouseCoopers in 2005, 24 do not have an estate or inheritance tax, including Australia, Canada, New Zealand, and Sweden. Of the 26 countries in the table that do have estate or inheritance taxes, the United States has the third highest rate at 46 percent.