What can America learn from the British tax system?
This paper examines elements of British tax policy and discusses their implications for the US, where several recent proposals would mirror aspects of the British system. These include reducing filing requirements under the individual income tax, indexing capital gains for inflation, cutting mortgage interest deductions, enacting a value added tax, and integrating the corporate and personal income taxes. The paper also discusses implications of the poll tax for tax reform. Britain and America have made different choices involving equity, efficiency, simplicity and other goals. These choices offer the chance to help identify the impact of tax policy.
Volume (Year): 18 (1997)
Issue (Month): 4 (November)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Smith, Peter, 1991. "Lessons From the British Poll Tax Disaster," National Tax Journal, National Tax Association, vol. 44(4), pages 421-436, December.
- repec:ntj:journl:v:50:y:1997:i:no._3:p:475-85 is not listed on IDEAS
- Orazio Attanasio & James Banks, 1998. "Trends in household saving: a tale of two countries," IFS Working Papers W98/15, Institute for Fiscal Studies.
- Gale, William G. & Holtzblatt, Janet, 1997. "On the Possibility of a No-Return Tax System," National Tax Journal, National Tax Association, vol. 50(3), pages 475-485, September.
- repec:ntj:journl:v:44:y:1991:i:no._4:p:421-36 is not listed on IDEAS
- Joel Slemrod & Jon Bakija, 2008. "Taxing Ourselves, 4th Edition: A Citizen's Guide to the Debate over Taxes," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262693631, September.
- James Banks & Richard Blundell, 1994. "Taxation and Personal Saving Incentives in the United Kingdom," NBER Chapters, in: Public Policies and Household Savings, pages 57-80 National Bureau of Economic Research, Inc.
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