Too Much to Swallow

Excise Duty and Value Added Tax account for nearly 2/3 of the price of spirits sold in the UK. This excessive tax rate penalises domestic production, encourages consumption of nearly all imported goods, costs jobs in the domestic drinks industry, and encourages bootleg and smuggled alcohol consumption. The UK can solve this problem by cutting excise duties gradually over five years to reach equivalency with EU duties, harmonising UK and EU duties, and signalling the goal of tax neutrality between alcoholic drinks.

 

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Pre-schools For All: A market solution

This report by David Soskin discusses the issues and solutions surrounding nursery education within the UK. He proposed a number of reforms, which he argues will improve the provision of pre-school education, such as a new independent inspectorate, removing local authorities from the provision of pre school education, removing bureaucratic controls and planning regulations, and setting up a targeted voucher system, so parents have more flexibility to chose where to send their children.

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Free Wills: Inheritance Without Taxation

Ordinary people pay more IHT than the rich. The UK rate is far above the EU average, hitting much smaller estates. The tax is a powerful disincentive on saving, kills family businesses, is costly to collect, and destroys far more than it yields. If it did not exist, no rational person would propose it.

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The Fortune Account

In 'The Fortune Account', Dr Eamonn Butler and Dr Madsen Pirie argue that individuals should be able to opt out of the state welfare system into an individual, funded and privately managed 'Fortune Account' which will provide lifetime insurance and basic pension benefits. This will allow people to accumulate savings when young, fit and in work, in order to fund their needs in retirement or when unemployed, sick, or disabled.

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Captive Capital

UK capital taxes are among the world's most complex, putting us at a disadvantage against EU partners. On UK and US figures, the author shows that the revenue-maximizing level for Capital Gains Tax is only 15% and argues for a cut to below 10%.

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Readings in Liberalism

A collection of seminal texts from Locke, Smith, Bastiat, Burke, Mill, Hume, Hayek, Mises, and others on the fundamental tenets of liberal thought such as freedom, Competition, and tolerance.

 

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