The coalition government made many changes to the tax system: some £64 billion of tax rises and £48 billion of tax cuts in total. But for the most part, these reforms involved simply changing rates and thresholds, with little attempt to address the fundamental structural deficiencies of the tax system. Looking across the taxation of earnings, consumption, investment, wealth and property, there are clear problems to be seen throughout. Plenty of challenges remain for whoever wins the election, argues Stuart Adam in this article for The House, Parliament's in-house magazine.
The piece is made available here in full with permission.