Inflation non-neutralities in the UK corporation tax

Bond, Stephen, Devereux, Michael and Freeman, Harold (1990) Inflation non-neutralities in the UK corporation tax. Fiscal Studies, 11 (4). pp. 21-28.


Corporation tax in the UK is based on an estimate of historic cost company profits. The present system was introduced in the 1984 Budget and has been in full effect since the end of the transitional period in 1986. The consequences of inflation in combination with this tax base were well known at the time.

Item Type: Article
Keywords: corprate tax; business tax
Subject(s): Taxation
Centre: Oxford University Centre for Business Taxation
Date Deposited: 05 Dec 2011 13:26
Last Modified: 23 Oct 2015 14:06

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