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Page 1: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 2: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 3: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 4: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 5: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 6: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 7: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 8: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 9: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 10: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 11: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 12: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 13: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 14: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 15: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 16: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 17: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 18: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 19: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 20: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 21: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 22: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 23: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 24: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 25: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 26: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 27: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 28: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 29: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 30: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 31: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 32: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 33: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 34: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 35: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 36: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 37: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 38: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 39: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 40: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 41: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 42: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 43: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 44: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 45: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 46: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 47: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 48: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 49: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 50: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 51: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 52: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 53: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 54: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 55: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 56: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 57: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 58: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 59: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 60: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 61: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 62: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 63: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 64: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 65: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 66: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 67: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 68: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 69: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
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Page 81: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
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Page 83: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
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Page 120: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 121: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 122: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 123: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 124: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 125: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 126: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 127: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 128: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 129: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 130: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 131: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 132: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 133: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr
Page 134: iea.org.ukiea.org.uk/sites/default/files/publications/files/State of Taxation.pdfGeoffrey E. Wood Alun G. Davies Nigel Lawson T. W. Hutchison • Alan T. Peacock Michael Moohr

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