Tag Archives: richard murphy

Review of “The Joy of Tax” by Richard Murphy

Last year Richard Murphy, well-known through his involvement with the Tax Justice Network, expanded his ideas into a paperback book The Joy of Tax. His association with Jeremy Corbyn may cause Liberal Democrats to reject his ideas, but I argue here that even if we reject his solutions, which include both Basic Income and local Land Value Tax, we should take seriously his criticism of the existing tax system and his analysis of the purpose of taxation.

After a short historical introduction in which he develops the idea of tax as being the band that holds together the Social Contract between a people and their government, he examines how the Government raises its revenue. We are all familiar with the three big taxes: income tax, National Insurance and VAT, which together raise just under 65% of all taxation, national and local, but Murphy also looks at the large number of taxes that raise the remainder and the justification for them.

He covers six reasons why Governments should tax:

Posted in Books | Also tagged | 9 Comments
Advert



Recent Comments

  • Peter Hirst
    One result of the 2019 GE was that the government is no longer reliant on the DUP for governing. I suspect we are heading for a long term special relationship f...
  • Barry Lofty
    David Raw: Exactly!...
  • Glenn
    I always thought she should be allowed back in because she is a British Subject. But all the talks of rights in a country where the political class will not eve...
  • David Raw
    It's not a matter of being a member of the Labour Party, the Liberal Democrat Party, the SNP, the Green Party or even the Tory Party. It's a matter of common de...
  • Stewart EDGE
    A UK pensioner will pay UK tax if resident on his total income - so if he has enough other income he will be making some contribution to the State (which after ...
Thu 11th Mar 2021