1st Edition

The Structure and Reform of Direct Taxation (Routledge Revivals)

ISBN 9780415684798
Published July 20, 2012 by Routledge
576 Pages

USD $59.95

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Book Description

First published in 1978, The Structure and Reform of Direct Taxation presents the full findings and recommendations of the ‘Meade’ committee set up by The Institute for Fiscal Studies. It represents the most important contemporary examination of the structure of UK taxation and direct taxation systems in general. The results of two years’ intensive research and discussion by this independent committee are presented as a report under the joint authorship of an outstanding team of tax experts. The committee brought together professional practitioners-lawyers, accountants and taxation administrators-and academic specialists in fiscal studies, and here provides a unique review of direct taxation which is comprehensive, singularly original and full of good sense.
The book begins with a return to first principles, restates the objectives of a good tax system and analyses existing structures. It goes on to examine the feasibility of basic reforms which would allow the system to become more straightforward in operation and which would base taxation on what individuals take out of the economy rather than on what they put into it.

Table of Contents

Part One: Introduction  1. Scope and Purpose of the Study  2. The Characteristics of a Good Tax Structure  3. The Tax Base  Part Two: Defects of the Present System  4. The Existing Base for Direct Taxes in the United Kingdom  5. The Direct Tax Burden and its Distribution  6. Indexation for Inflation  Part Three: Some Radical Restructurings of the System of Direct Taxes  7. A Comprehensive Income Tax  8. Forms of Expenditure Tax  9. A Universal Expenditure Tax  10. A Two-Tier Expenditure Tax  11. Housing  12. Corporation Tax  13. Social Security and Income Maintenance  14. The Rate Structure  15. Capital Taxes I: Taxes on the Transfer of Wealth  16. Capital Taxes II: An Annual Wealth Tax  17. National Insurance Contributions, Payroll Taxes, Investment Income Surcharge, Earned Income Relief and Capital Taxes  18. The Tax Unit  19. Trusts

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