Why is tax so taxing?
Few political questions are as basic, or as pressing, as how a government raises the money it spends – and the last year in British politics has provided ample examples of the political pitfalls of tax reform.
In principle a good tax system should be a winning combination of fairness, efficiency, smooth revenue raising and growth-enhancing incentives. The UK does reasonably well on some of these fronts, but overall our system is a burdensome, convoluted mess that is ripe for reform.
So if Jeremy Hunt really wants us to have the 'most competitive tax system of any major country', what does he…
The skinny
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