Policy analyses have addressed a number of actual and proposed reforms to company taxation. Our theoretical analysis of tax neutrality underpinned the proposal by the IFS Capital Taxes Group for a non-distortionary company tax based on an allowance for corporate equity, and we have estimated the revenue cost of this proposal and simulated its effects on company investment. (See Bond, S. et al. (1996) \'Tax reform to promote investment\', Oxford Review of Economic Policy, vol. 12, no. 2.) More recently, we assisted the Institute for Public Policy Research\'s Commission

straight-line method simply writes off £4 per year for 25 years for each £100 of investment.

usually then be deducted from the total corporation tax payment. The March 1998

allowances for investment in plant and machinery) to a less generous one (25%

rate was under the control of local authorities. Since 1990, the rate has been

pay their corporation tax in four equal quarterly instalments on the basis of their

Some topics in this essay:
North Sea, ACT April, Budget January, Survey UK, NNDR Prior, HM Treasury, Prior April, Capital Taxes, corporation tax, British Business, Economic Policy, tax rate, advance corporation, capital allowances, accounting period, surplus act, plant machinery, company tax, advance corporation tax, corporation tax act, share ownership, corporation tax charged, company taxation, effective marginal rate, expenditure plant machinery,