Economic trends | Political economy | Regulation | Business & society Business strategy | Firms industries & markets | Economics in Action
	about john | newsroom | books | essays | latest articles
	home / books / the british tax system

The rules for success in the New Economy are extraordinarily similar to the rules for success in the old economy. FT, 11.8.00	"The British Tax System (5th edition)" How does PAYE work? What exactly is VAT? How does social security legislation or inflation affect the tax system? Why do so few companies pay corporation tax? John Kay and Mervyn King set out to answer these and other questions, and develop a long-term strategy for structural reform This fifth edition of a very successful book is the most extensively revised so far. The revisions reflect the substantial changes both in the tax system itself and in the ways people think about tax issues that have occurred since the book's first publication in 1978. There have been major shifts in rates of tax, in the taxation of savings and companies, and in the social security system, while reforms to the structure of local authority finance and the ways in which married couples are taxed are in progress. The growing integration of the European and world economies is taken into account and the international environment within which the British tax system is set. Also identified are areas in which the progress of tax reform in Britain is unsatisfactory and a principal concern of the book remains the description of a reform strategy, based on a personal expenditure tax and a cash-flow corporation tax. This book is not available from our site. The title is available to order from Amazon. ^ back to top
what's this? © John Kay 2008, © Ripserve 2005