EUTHANASIA FOR DEATH DUTIES by Barry Bracewell-Milnes ( 9780255365130 )

Item Details

Title:

EUTHANASIA FOR DEATH DUTIES
PUTTING INHERITANCE TAX OUT OF ITS MISERY

By:

Barry Bracewell-Milnes

Format:

Hardback

List price:

£10.00

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£8.50

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15% off

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£1.50

ISBN 10:

0255365136

ISBN 13:

9780255365130

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Publisher:

INSTITUTE OF ECONOMIC AFFAIRS

Pub. date:

20 February, 2002

Pages:

151

Description:

Death duties are a minor source of revenue to the British Exchequer. This work analyses the traditional criticism of death duties and adds some arguments based on the concept of saving in perpetuity - saving which is never drawn down, whether or not it was initially planned as perpetual.

Synopsis:

Death duties are now only a minor source of revenue to the British Exchequer (about 1.5 per cent of Inland Revenue receipts) and they now have few committed advocates. Nevertheless they persist, mainly because of inertia. Dr Bracewell-Milnes analyses the traditional criticism of death duties and adds some novel arguments based on the concept of saving in perpetuity -- saving which is never drawn down, whether or not it was initially planned as perpetual. The perpetual saver is a public benefactor because he or she provides the rest of society with a permanent loan at rates chargeable for loans with maturity dates. Taxing perpetual saving will reduce its supply, thus resulting in losses to the rest of society. Inheritance tax does immense economic damage, according to Dr Bracewell-Milnes, and should be abolished. It is 'perverse and counterproductive for its own ostensible purposes, egalitarian or otherwise.

Illustrations:

Illustrations

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Imprint:

Institute of Economic Affairs

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Returnable

Some other items by this author:

A LIBERAL TAX POLICY

CARING FOR THE COUNTRYSIDE (PB)

CASE FOR EARMARKED TAXES (PB)

ECONOMIC INTEGRATION IN EAST AND WEST (HB)