Tax Planning in England

The purpose of this Article is to give a detailed account of problems and practices of tax planning in England

The British Capital Transfer Tax

The last major reform in the United States estate and gift tax occurred in 1954. The system still needs further reform. Although the Tax Reform Act of 1969 originally was intended to reach the estate and gift tax area, the reform effort expired. The political focus of reform is less powerful in the estate and gift tax area then in that of income and social security taxes because most Americans do no leave a taxable estate or even need to file estate returns. The motivation to reduce estate and gift tax is not as broadly based as the motivation to reduce income tax. Even the wealthy have little motivation to push for reform. The present system, although it might theoretically tax at a confiscatory rate of seventy-seven percent, is replete with avenues which lead to a much reduced actual tax rate. Lifetime gifts are a common and effective means of reducing the actual tax effect on a capital transfer, and the wealthy normally nave the economic flexibility to use lifetime transfers advantageously. There has been some movement for reform however, promoted largely by farmers who lack the economic flexibility to avoid the high estate tax rates by proper lifetime transfers

The Defendant\u27s Rights Under English Law. By David Fellman

I do not know what personal experience Mr. Fellman has of British courts and institutions. It must be considerable; for I would not think it possible to write with such authority and accuracy about such sensitive questions as the defendant’s rights without having been closely involved one’s self. At least that is what I find whenever I try to deal with any questions of American Law. Defendant’s Rights is a survey of the various stages of a criminal prosecution in England. It begins with an account of the English criminal courts which is commendably short and concise