Incentives, inequality and taxation: The Meade Committee Report on the Structure and Reform of Direct Taxation (1978)

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Abstract

The publication in 1978 of a report on The Structure and Reform of Direct Taxation by a committee headed by the economist James Meade marked the first fundamental study of the UK tax system commissioned by the Institute for Fiscal Studies. Many of its main recommendations centred around a shift away from taxing income and towards taxing expenditure. Tax incentives to save and reductions in marginal rates of income tax were designed to improve incentives to earn and to invest income. Such a shift characterised the UK tax system from 1979, albeit without acknowledging the work of the Meade Committee. © 2018 Informa UK Limited, trading as Taylor & Francis Group
Original languageEnglish
Pages (from-to)1222-1235
Number of pages14
JournalBusiness History
Volume61
Issue number7
Early online date2 May 2018
DOIs
Publication statusPublished - 3 Oct 2019

Keywords

  • incentives
  • inequality
  • taxation
  • utilitarianism
  • wealth

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