Based on the best available theory and evidence, the Mirrlees Review sets out a comprehensive set of proposals for tax reform. While focused on the UK, its analysis and conclusions bear directly on the policy debate in other developed countries. The Review proposes a move to a more neutral tax system. Key ingredients include adjusting the personal tax and welfare system to achieve redistribution more efficiently, imposing VAT on a broader base of consumption at a single rate, targeting environmental externalities more accurately, and aligning tax rates across all income sources while exempting the normal return to saving from tax, and introducing an allowance for corporate equity into the corporate tax system.
Authors
Stuart Adam
Stuart is a Senior Economist working in the Tax sector, and focuses on analysing the design of the tax and benefit system.
Tim Besley
Timothy is a Research Associate at the IFS and a Professor of Economics and Political Science at the London School of Economics and Political Science.
Richard Blundell
Richard is an CPP Institute Co-director and the Ricardo Professor of Political Economy at University College London.
Malcolm Gammie
Malcolm is a Research Fellow at the Institute for Fiscal Studies, he is also a barrister and KC at One Essex Court.
James M. Poterba
James is an IFS Research Associate, the Mitsui Professor of Economics at MIT and the President of the National Bureau of Economic Research.
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