Regulation

The government should “return to Adam Smith’s canons of taxation”


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Government and Institutions

Mark Littlewood writes for the Spectator's Coffee House blog

Economic Theory

Charles K. Rowley writes for the Daily Telegraph

Philip Booth writes for Financial World

The IEA’s Professor Philip Booth writes for Financial World, following the release of new IEA paper ‘Taxation and Red Tape: The Cost to British Business of Complying with the UK Tax System’.

To reduce the burden on businesses, the government should “Return to Adam Smith’s canons of taxation.” Ever since Nigel Lawson’s Chancellorship, the tax system has increasingly deviated from his two canons of “convenience” and “efficiency”.

Philip argues that “these are still the best two measuring rods by which the administrative characteristics of a tax system should be judged and the UK tax system fares poorly by both.”

See also IEA publication Taxation and Red Tape



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