Fair Dues:Towards a more progressive inheritance tax
Article
Dominic Maxwell argues for the progressive reform of inheritance tax with the aim of promoting social justice.
At a time when there is growing evidence that wealth inequality contributes to unequal life chances, and the richest two per cent own almost a third of all the wealth in Britain, inheritance tax is under attack from both left and right. But there are excellent
reasons to defend it: inheritance tax, or IHT, is a crucial counter-weight to the accumulation of wealth, and as a tax it is relatively undistorting. But to secure its long-term future we must reform it. In Fair Dues Dominic Maxwell sets out a more progressive structure for Inheritances Tax aiming for greater social justice.
Related items
Regional economies: The role of industrial strategy as a pathway to greener growth
Regions like the North should have a key role to play in the development of a green industrial strategy.Achieving the 2030 child poverty target: The distance left to travel
On 27 March, the Scottish government will announce whether Scotland’s 2023 child poverty target – no more than 18 per cent of children in poverty – was achieved.Spring statement: A changed world calls for a changed course
If there are decades where nothing happens and there are weeks where decades happen, the last few weeks feel seismic. The prime minister was right to say the world has changed. Donald Trump’s re-election in November has unleashed a wave…