Abstract
The publication in 1978 of a report on The Structure and Reform of Direct Taxation by a committee headed by the economist James Meade marked the first fundamental study of the UK tax system commissioned by the Institute for Fiscal Studies. Many of its main recommendations centred around a shift away from taxing income and towards taxing expenditure. Tax incentives to save and reductions in marginal rates of income tax were designed to improve incentives to earn and to invest income. Such a shift characterised the UK tax system from 1979, albeit without acknowledging the work of the Meade Committee.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.