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The 1994 Budget: Time for tax reform?
Author(s) -
Sentance Andrew
Publication year - 1994
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/j.1468-0319.1994.tb00002.x
Subject(s) - economics , incentive , inflation (cosmology) , tax reform , nothing , ad valorem tax , work (physics) , public economics , tax credit , monetary economics , economic policy , market economy , mechanical engineering , philosophy , physics , epistemology , theoretical physics , engineering
Andrew Sentance argues that Kenneth Clarke would do well to resist the pressure for significant tax cuts in his second Budget, despite the background of healthy growth and low inflation. But that should not mean a “do‐nothing” Budget. Instead, the 1994 Budget should mark the start of a new programme of tax reform‐to encourage private saving, increase work incentives and deter pollution….