Taxation and Red Tape: The Cost to British Business of Complying with the UK Tax System

Name: Taxation and Red Tape: The Cost to British Business of Complying with the UK Tax System
Brand: Institute of Economic Affairs
SKU: 9780255366120
Price: 1606.0 INR
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by Francis Chittenden

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ISBN13: 9780255366120
Binding: Paperback
Subject: N/A
Publisher: Institute of Economic Affairs
Publisher Imprint: Institute of Economic Affairs
Publication Date: February 23, 2010
Pages: 168
Original Price: GBP 12.5
Language: English
Edition: N/A
Item Weight: 188 grams
BISAC Subject(s): Public Finance

About The Book

Successive governments have promised to reduce business red tape, whilst doing nothing about it. In fact, with regard to the tax system, ever-greater numbers of taxes and ever-greater complexity have increased burdens on businesses by turning firms into unpaid tax collectors. Research into the costs of regulation is notoriously difficult. However, this study brings together the best work on the burden of tax compliance and administration and adds important new insights. In particular, this monograph shows the severely regressive nature of the costs of complying with the UK tax system - small firms suffer far more than large firms from the imposition of government bureaucracy related to tax collection. The costs of complying with the tax system are higher in the UK than in many other countries. The authors show that this should not be the case, and propose ways of reducing the burden of tax bureaucracy. These include radical reforms, not just to the administration of the tax system, but also to the nature of the system itself.

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