What can America learn from the British Tax System?

Article Abstract:

The British tax system contains simple structure and administration that can serve as example for the Americans towards formulation of an ideal tax law. It also contains guidelines regarding consumption taxes, such as the value added tax (VAT), which can be adopted in the American system. For the Americans, the simplicity of the British tax system can be copied if efforts are to be exerted towards reducing the extensiveness of taxation contained in the tax code.

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Tax relief and partnership pensions

Article Abstract:

A study proposes that the current tax relief system for retirement income in the UK should be replaced by a cost-neutral matching-grant or tax-credit scheme. The scheme would involve a partnership idea that is more progressive, open and accountable than existing arrangements. The proposal is illustrated through a comparison of the cost and distributional impact of the current systems with those of the alternative tax-credit scheme.

Retirement Benefits, Pensions, Retirement income, Tax incentives, Tax credits

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Tax law: rules or principles?

Article Abstract:

Tax legislation in the UK has been criticized for being too complex. Various individuals and groups have tried to remedy this problem by proposing reforms in the country's tax laws. One proposal involves making UK tax law consistent with the principles of European law as they are interpreted by the European Court of Justice. This move, its proponents maintain, would greatly simplify UK tax law, making it easier to implement.

Interpretation and construction, Tax reform

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