Inheritance Taxes" Barry Bracewell-Milnes analyses the traditional criticism of death duties and adds some novel arguments based on the concept of saving in perpetuity - saving which is never drawn down, whether or not it was initially planned as perpetual. The perpetual saver is a public benefactor because he or she provides the rest of society with a permanent loan at rates chargeable for loans with maturity dates. Taxing perpetual saving will reduce its supply, thus resulting in losses to the rest of society. "Euthanasia for Death Duties: Putting Inheritance Tax Out of its Misery" is published by the Institute of Economic Affairs.
By Institute of Economic Affairs , UK.
Site Upgraded to latest version. If any issues please contact us
Council Tax Reform " The New Policy Institute argue for a reform of the council tax. It is a regressive tax - taking relatively more from the poor than from the rich. Indeed, the poorest third of British households pay more in council tax than in income tax. Previously NPI have, in Council Tax - the Case For Reform, argued for re-banding, re-weighting and the revaluation of property. Also useful is Policy Library's resource page on local taxation and the council tax.
By New Policy Institute , UK.