The Resource Transferable personal allowance : a small step in the right direction

Transferable personal allowance : a small step in the right direction

Label
Transferable personal allowance : a small step in the right direction
Title
Transferable personal allowance : a small step in the right direction
Creator
Subject
Language
eng
Summary
The authors argue that the transferable allowance for married couples is a small but essential step towards reintroducing into the tax system support for family responsibilities. This is an urgent need following changes to tax credits and universal credit announced in the Summer 2015 Budget. Tax credits were introduced when that support through the income tax was finally withdrawn: as a result the system has two major weaknesses. First the amount of tax anyone pays is poorly related to how well off (s)he is, which depends on household income. Second is that it has resulted in very high effective marginal tax rates for very many families
Citation source
In: British tax review. - London. - (2015),
http://library.link/vocab/creatorName
  • Beighton, L
  • Draper, D
Geographic coverage
  • Europe
  • European Union
Language note
English
http://library.link/vocab/subjectName
  • personal allowances
  • married couple
  • family taxation
  • tax credit
  • effective tax rate
Label
Transferable personal allowance : a small step in the right direction
Instantiates
Publication
Label
Transferable personal allowance : a small step in the right direction
Publication

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