How should capital or capital income be taxed?

We will illustrate our remarks with the case of France. There are three ways to tax capital or capital income: Capital income tax; Capital stock tax; Inheritance ( estate ) tax. We recap the advantages and disadvantages of these three possible forms of capital taxation. Our conclusion is that France’s current, post-reform system (abolition of the wealth tax (ISF) , flat tax on capital income, fairly high inheritance tax ) is efficient.