There are two reasons for concern about the effect fo the tax and benefit system on incentives for low paid workers.

In the earlier article (Kay and Morris, 1979), we examined the effects of the 1979 budget on distribution and incentives by looking at the tax system as a whole in terms of a 'tax credit' and a marginal tax rate.

A distinctive freature of the British tax system is the very wide range of incomes which is subject to tax at the basic rate.

It has always been difficult to justify the existence of a separate tax on corporations in a fiscal system based ultimately on individual ability to pay and many, indeed, have argued that the corporation tax should, in principle, be abrogated.

While much recent attention has been paid to the problems involved in estimating the degree of welath inequality in Britain, and policies to reduce it have been the subject of widespread discussion, there is a relative paucity of knowledge about the reasons for its existence and persistence.

The growth of North Sea oil revenues is the most important fiscal development in the British economy in teh 1980s.

This paper argues that the UK financial year (FY) should be moved from April-April to coincide with the calendar year (CY).

The direct tax structure of the UK has grown by continuous accretion since its principal elements were set out by Addington in 1803.

The wage determination process in Australia operates substantially under the guidelines set down by the Australian Arbitration and Conciliation Commission.

The case which Mr Richardson makes for the general adoption of some effective form of inflation accounting for business purposes is unanswerable.