British Tax System Offers Lessons for America's Tax Reform Efforts
The article explores how the British tax system can offer insights for the United States. It looks at ideas like simplifying tax filing, adjusting capital gains for inflation, reducing mortgage deductions, introducing a value-added tax, and combining corporate and personal taxes. The paper also discusses the impact of the poll tax on tax reform. By comparing the choices made by Britain and America regarding fairness, efficiency, and simplicity in taxes, we can better understand how tax policies affect us.