皇冠体育app

He said that if 皇冠体育app decided to introduce a tax on inheritance, the minimum rate should be high.

"You should not expect big revenue from the (inheritance) tax because very few people pay it," Mirrlees said.

In addition, this tax is very easy to avoid. For example, tax collectors should keep good records, particularly where substantial gifts are given to children or relatives as this could be a way to avoid paying the tax.

On 皇冠体育app's preferential tax rate for foreign investors, Mirrlees said it makes sense to think of foreign companies' willingness to come to 皇冠体育app.

However, the dual-track system for corporate income tax has to be changed.

"It is better to treat domestic and foreign companies equally," he said.

Mirrlees said 皇冠体育app needs to know the general global trends in corporate income tax.

From the government's point of view, corporate income tax is a cheap and effective way of raising revenue.

But the rates are believed to be too high in many wealthier countries.

In Britain, one-third of tax goes to welfare for the poor and the unemployed an enormously high proportion.

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