A new IEA primer on taxation by Adam Smith Institute Director Eamonn Butler has been featured in a recent Daily Telegraph article on the prospect of the new government raising taxes on inheritance and capital gains.

Eamonn was quoted:

“A small rise in capital gains taxes can make a large difference to whether people decide to build capital goods such as factories and equipment, or instead devote their money to present-day consumption.”

“Politicians should beware that many of the politically easiest taxes to raise, such as taxes on capital and on businesses, are actually the most damaging.

“We need a complete review of which taxes do most harm, and steer clear of them.”

Read the full article here.

You can also read a copy of An Introduction to Taxation.