Inheritance Tax is ‘a Lot of Time, Money, and Effort’ Wasted
9 June 2024
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In the Media
Economics
Tax and Fiscal Policy
19 November 2024
Tom Clougherty quoted in The Express
IEA Executive Director Tom Clougherty has been quoted in The Daily Express discussing the case to scrap inheritance tax.
Tom said:
“As well as being widely hated, inheritance tax is an inefficient source of revenue, introducing big deadweight costs and behavioural distortions into the tax system. In straightforward terms: a lot of time, money, and effort is wasted on trying to plan around complex IHT rules.
“In an ideal world, it would definitely be scrapped, as part of a wider reform of taxes on property, savings, and investment.”
Read the full article here.
Tom said:
“As well as being widely hated, inheritance tax is an inefficient source of revenue, introducing big deadweight costs and behavioural distortions into the tax system. In straightforward terms: a lot of time, money, and effort is wasted on trying to plan around complex IHT rules.
“In an ideal world, it would definitely be scrapped, as part of a wider reform of taxes on property, savings, and investment.”
Read the full article here.
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