mr.andrew

Topics: Tax, Taxation, Taxation in the United States Pages: 154 (40072 words) Published: May 28, 2014
House of Commons
Treasury Committee

Principles of tax policy
Eighth Report of Session 2010–11
Volume I: Report, together with formal
minutes, oral and written evidence
Additional written evidence is contained in
Volume II, available on the Committee website
at www.parliament.uk/treascom
Ordered by the House of Commons
to be printed 9 March 2011

HC 753
Published on 15 March 2011
by authority of the House of Commons
London: The Stationery Office Limited
£13.50

The Treasury Committee
The Treasury Committee is appointed by the House of Commons to examine the expenditure, administration, and policy of HM Treasury, HM Revenue and Customs and associated public bodies.
Current membership
Mr Andrew Tyrie MP (Conservative, Chichester) (Chairman)
John Cryer MP (Labour, Leyton and Wanstead)
Michael Fallon MP (Conservative, Sevenoaks)
Mark Garnier MP (Conservative, Wyre Forest)
Stewart Hosie MP (Scottish National Party, Dundee East)
Andrea Leadsom MP (Conservative, South Northamptonshire)
Mr Andy Love MP (Labour, Edmonton)
John Mann MP (Labour, Bassetlaw)
Mr George Mudie MP (Labour, Leeds East)
Jesse Norman MP (Conservative, Hereford and South Herefordshire) David Ruffley MP, (Conservative, Bury St Edmunds)
John Thurso MP (Liberal Democrat, Caithness, Sutherland, and Easter Ross) Mr Chuka Umunna MP (Labour, Streatham)
Powers
The committee is one of the departmental select committees, the powers of which are set out in House of Commons Standing Orders, principally in SO No 152. These are available on the Internet via www.parliament.uk. Publication

The Reports and evidence of the Committee are published by The Stationery Office by Order of the House. All publications of the Committee (including press notices) are on the Internet at www.parliament.uk/treascom.

The Reports of the Committee, the formal minutes relating to that report, oral evidence taken and some or all written evidence are available in printed volume(s). Additional written evidence may be published on the internet only. Committee staff

The current staff of the Committee are Eve Samson (Clerk), David Slater (Second Clerk), Adam Wales, Jay Sheth, and Daniel Fairhead (Committee Specialists), Phil Jones (Senior Committee Assistant), Caroline McElwee (Committee Assistant), Steve Price (Committee Support Assistant) and Laura Humble (Media Officer). Contacts

All correspondence should be addressed to the Clerk of the Treasury Committee, House of Commons, 7 Millbank, London SW1P 3JA. The telephone number for general enquiries is 020 7219 5768; the Committee’s email address is treascom@parliament.uk

Principles of tax policy 1

Contents
Report


Introduction
Pace of change



The principles of tax policy
Establishing the principles



The basic principles
Fairness and economic welfare
Growth
Using taxes to change behaviour
Competitiveness



Procedural principles
Certainty
Legal clarity
Complexity
Stability
Practicability

Page





10 
10 
10 
12 
13 
15 
15 
15 
17 
21 
22 



Scrutiny of tax

26 



Conclusion

28 

Formal Minutes

33 

Witnesses

34 

List of printed written evidence

34 

List of additional written evidence

34 

List of Reports from the Committee during the current Parliament

36 

Principles of tax policy 3

1

Introduction

1. In June 2010, the Government published Tax policy making: a new approach. In the introduction the Exchequer Secretary wrote:
I want a new approach to tax policy making; a more considered approach. Consultation on policy design and scrutiny of draft legislative proposals should be the cornerstones of this approach. The Government will always need to maintain flexibility to make changes to the tax system. But in doing so, it should be transparent about its objectives and open to scrutiny on its proposals. The Government set out a new approach to tax policy:

the Government is committed...
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