Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/223275
Authors: 
Adam, Stuart
Miller, Helen
Year of Publication: 
2019
Series/Report no.: 
IFS Working Papers No. W19/31
Abstract: 
The UK taxes business income at much lower rates than employment income. In this paper we describe the problems caused by that differentiation and assess the main arguments used to defend it. We summarise the Mirrlees Review's proposals for radical reform that would align tax rates across legal forms while protecting incentives to save and invest. Finally, we consider the obstacles to implementing such a radical reform and suggest an approach to making progress in practice.
Subjects: 
Tax
small business
self-employment
tax-motivated incorporation
entrepreneurship
JEL: 
H20
H21
H25
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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