We have developed our proposals in the context of the current UK tax system, but our final report contains more general lessons for the taxation of savings and profits. The system that we describe is particularly appropriate for adoption within the European Union. We have used the current UK...

‘We are convinced that a central problem of the legislative process is that far too many bills are introduced into Parliament in a state that is recognised — even,we suspect, by Ministers — to be less than perfect.’ In short, ‘... bills are too often introduced to Parliament...