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.

Taxation Policy Resource.