It has been proposed that the UK government could raise additional revenue by increasing the capital gains

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Question:

It has been proposed that the UK government could raise additional revenue by increasing the capital gains tax rates in line with income tax rates.

This argument was quashed, with any proposals being subsequently dismissed by the treasury in the latter part of 2021:

Despite this, you are required to:

a) Assess the contribution that capital and revenue taxes provide within the UK tax system?

b) Discuss whether a reform proposed on capital gains could be considered a fairer method of distributing the tax burden amongst the UK taxpayers?

Related Book For answer-question

Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

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Posted Date: Feb 03, 2023 02:03 AM

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It has been proposed that the UK government could raise additional revenue by increasing the capital gains

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a Capital gains tax and income tax are both important sources of revenue for the UK government Capit... View the full answer

Price theory and applications

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