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Reform of Corporation Tax


Reform of Corporation Tax" In August 2002, the government issued a consultation document on further reform to the corporation tax system. Although the consultation addresses three topics capital assets, the schedular system and the distinction between trading and investment companies the major issues revolve around the treatment of assets and losses. This response focuses on these larger issues. It aims to explain the main proposals contained in the consultation, to provide some empirical evidence on the scale of possible changes and to make some comments on the wider policy issues that these proposals raise. "Reform of corporation tax: a response to the government's consultation document" by Alexander Klemm and Julian McCrae is published by the Institute for Fiscal Studies. .


By Institute for Fiscal Studies , UK.

Taxation Policy Resource.