Good blog at The Business on what we should be learning from US tax-cutting experience. A few snippets:
- Since the Bush tax cuts in June 2003, America has increased the size of its entire economy by 20% – or $2.2 trillion, roughly the same size as the total Chinese economy
- The UK Chartered Institute of Taxation has 13,000 members now, some 4,000 more than a decade ago
- Tolley’s Yellow Tax Handbook now has a colossal 9,050 pages, twice as thick as when Brown took office
Makes you think...or at least, it should do.