The Estate Tax Should Not Apply to Domestic Stock Owned by NRAs
14 Pages Posted: 9 Apr 2021
Date Written: April 8, 2021
Congress needs to reconsider whether Code section 2104(a) which subjects the ownership of domestic stock by nonresident aliens to estate tax merits retention. This analysis offers several reasons as to why policy makers should introduce legislation that either repeals this Code section or significantly narrows its application.
Keywords: Nonresident aliens, 2104, estate tax
JEL Classification: K34
Suggested Citation: Suggested Citation