British social security and taxes: structuring their interactions
01 Oct 98 |
BULLETIN FOR INTERNATIONAL FISCAL DOCUMENTATION
Issue: Vol 52 No 10
The current form of social security in the UK was launched 50 years ago in July 1948. It followed in many details the cradle-to-grave model set out in the famous Beveridge Report. In 1998, the new government has raised fundamental questions about how it should be funded and what it should provide. Most notably, the task of collecting compulsory social security contributions is being transferred from the Department of Social Security to the Inland Revenue. The author analyses the inevitable interactions between tax and social security.
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David Williams, CTA (Life) is a Strategic Adviser in relation to taxation matters operating principally in Sydney. He has been involved in taxation, death duty and estate planning matters for over 45 years, the last 15 as a sole practitioner and prior to that as a partner at an international law firm. He drafted his first will in 1968 and his most recent last week with quite a few in between. During that time he has written and presented extensively on a wide range of subject matter. David was the President of The Tax Institute in 2010.
- Current at
19 September 2018