Tax By Design: The Mirrlees ReviewInstitute for Fiscal Studies (IFS), James Mirrlees Tax by Design identifies what makes a good tax system for an open developed economy in the 21st century and suggests how the UK tax system could be reformed to move in that direction. The recommendations stress the importance of neutrality and transparency in tax design. It draws on the expert evidence from the commissioned chapters and commentaries in Dimensions of Tax Design. It also acknowledges the growing importance of globalised markets and multinational corporations as well as the challenges created by changing population demographics, the growth of new technologies, and the broadened objectives of policy makers. The Commission's work was directed by: Timothy Besley Richard Blundell Malcolm Gammie James Poterba The Commission's editorial team: Stuart Adam Stephen Bond Robert Chote Paul Johnson Gareth Myles |
From inside the book
Results 1-5 of 67
Page x
... Losses across the income distribution 100 Figure 4.11. Effect of reform on average PTRs across the earnings distribution 102 Figure 4.12. Effect of reform on average EMTRs across the earnings distribution 102 Figure 4.13. Effect of ...
... Losses across the income distribution 100 Figure 4.11. Effect of reform on average PTRs across the earnings distribution 102 Figure 4.12. Effect of reform on average EMTRs across the earnings distribution 102 Figure 4.13. Effect of ...
Page xi
... Losses from imposing VAT at 17.5% on domestic energy consumption, by income decile 260 Figure 12.1. Real petrol and diesel duty over time 277 Figure 13.1. Net income and net expenditure per household 287 Figure 13.2. Consumption and ...
... Losses from imposing VAT at 17.5% on domestic energy consumption, by income decile 260 Figure 12.1. Real petrol and diesel duty over time 277 Figure 13.1. Net income and net expenditure per household 287 Figure 13.2. Consumption and ...
Page 27
... loss of welfare). The fact that income tax is remitted by employers does not alter the fact that at least part of the economic incidence falls upon employees. Similarly, although employers and employees formally pay separate National ...
... loss of welfare). The fact that income tax is remitted by employers does not alter the fact that at least part of the economic incidence falls upon employees. Similarly, although employers and employees formally pay separate National ...
Page 29
... losses on consumers and producers alike. The sum of these costs almost always exceeds the revenue that the taxes raise—and the extent to which they do so is the deadweight loss or social cost of the tax. A key goal for tax design is to ...
... losses on consumers and producers alike. The sum of these costs almost always exceeds the revenue that the taxes raise—and the extent to which they do so is the deadweight loss or social cost of the tax. A key goal for tax design is to ...
Page 33
... losses relative to previous expectations can be perceived as 'unfair'. This is most often true of capital taxes, which, for example, might reduce the net expected capital gain from an asset, or indeed might reduce the value of assets ...
... losses relative to previous expectations can be perceived as 'unfair'. This is most often true of capital taxes, which, for example, might reduce the net expected capital gain from an asset, or indeed might reduce the value of assets ...
Contents
1 | |
21 | |
46 | |
4 Reforming the Taxation of Earnings in the UK | 73 |
5 Integrating Personal Taxes and Benefits | 122 |
6 Taxing Goods and Services | 148 |
7 Implementation of VAT | 167 |
8 VAT and Financial Services | 195 |
13 The Taxation of Household Savings | 283 |
14 Reforming the Taxation of Savings | 318 |
15 Taxes on Wealth Transfers | 347 |
16 The Taxation of Land and Property | 368 |
17 Taxing Corporate Income | 406 |
18 Corporate Taxation in an International Context | 429 |
19 Small Business Taxation | 451 |
20 Conclusions and Recommendations for Reform | 470 |
9 Broadening the VAT Base | 216 |
10 Environmental Taxation | 231 |
11 Tax and Climate Change | 246 |
12 Taxes on Motoring | 269 |
References | 504 |
Index | 525 |
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Tax By Design: The Mirrlees Review Institute for Fiscal Studies (IFS),James Mirrlees No preview available - 2011 |
Common terms and phrases
achieve activities additional allowance amount apply arguments assets average avoid calculations capital chapter charged consider consumption contributions corporate tax costs countries create deductible discussed distortions distribution dividend duty earnings economic effect efficiency emissions employer equity estimates example exempt expenditure fact families Figure firms gains given groups higher households housing important incentives income tax increase individuals input interest introduced investment issues labour land less levied look losses lower marginal means measure neutrality NICs normal Note paid particular payments pension possible practice problems production profits proposals raise reasons received redistribution reduce reform relative response result revenue rise savings Source spending standard Table tax and benefit tax credits tax rates tax system taxable taxation transfers treatment wealth welfare