The Mirlees Review was a comprehensive review of the UK tax system undertaken in 2010, chaired by the Nobel laureate Sir
James Mirrlees
Sir James Alexander Mirrlees (5 July 1936 – 29 August 2018) was a British economist and winner of the 1996 Nobel Memorial Prize in Economic Sciences. He was knighted in the 1997 Birthday Honours.
Early life and education
Born in Minnigaff ...
for the
Institute for Fiscal Studies
The Institute for Fiscal Studies (IFS) is an economic research institute based in London, United Kingdom, which specialises in UK taxation and public policy. It produces both academic and policy-related findings.
The institute's aim is to "a ...
. The findings were launched in November 2010 and were published by Oxford University Press in two volumes. The report argued that it was possible for governments to raise the same revenues at significantly lower cost than the current system of taxation and submitted recommendations to support this notion.
Panel
The review panel members were:
* Sir
James Mirrlees
Sir James Alexander Mirrlees (5 July 1936 – 29 August 2018) was a British economist and winner of the 1996 Nobel Memorial Prize in Economic Sciences. He was knighted in the 1997 Birthday Honours.
Early life and education
Born in Minnigaff ...
* Stuart Adam
*
Timothy Besley
*
Richard Blundell
Sir Richard William Blundell CBE FBA (born 1 May 1952, Shoreham-by-Sea) is a British economist and econometrician.
Blundell is the David Ricardo Professor of Political Economy at the Department of Economics of University College London and ...
*
Stephen Bond
*
Robert Chote
* Malcolm Gammie
*
Paul Johnson
*
Gareth Myles
Gareth Myles is a British academic economist. He was born in Manchester and educated at the University of Warwick, the London School of Economics and Nuffield College, Oxford
Nuffield College () is one of the constituent colleges of the Un ...
*
James Poterba
James Michael "Jim" Poterba, FBA (born July 13, 1958) is an American economist, Mitsui Professor of Economics at the Massachusetts Institute of Technology, and current NBER president and chief executive officer.
Early years
Poterba was born in ...
Key Principles
The report was based on the following key principles. A tax system should:
# Be designed as a whole in conjunction with a benefits system
# Seek to be neutral and minimise distortion in the market
# Be progressive as efficiently as possible
Recommendations
The report
[https://www.ifs.org.uk/uploads/mirrleesreview/pamphlet.pdf ] recommendations included subjects of taxation of earnings, indirect taxes, taxation of housing, environmental taxes, taxes on savings and business taxes.
References
{{reflist
External links
Mirrlees Reviewat the Institute for Fiscal Studies.
Tax reform