History of Capital Gains Tax

Order this Paper

You are required to write 2000 words on the history of Capital Gains Tax within the UK tax system. Please ensure that all references are accessible online and should be a minimum of 10, you should follow the Harvard referencing system.

I have outlined a brief plan of what I would like the essay to be structured as, as well as including points in which I would like to be spoken about within the essay. I want you to follow this structure as strictly as possible.

(i) Brief Introduction of Capital gains tax (CGT)

  • Give a definition of what it is
  • The current rate
  • What type of tax is it (direct / indirect)

(ii) Past, Present (21st Century), Future (Description)

  • Who Invented CGT
  • Research ancient civilisations (egypt, china, greece, rome, central america)
  • Why did CGT come into existence? D
  • Changes of CGT rates over time – why did it change, and what effect did the changes have? D
  • Give an opinion what you think is likely to happen to CGT given history and the effect that it may have.
  • When talking about it be sure to bear in mind that it is respective of the UK tax system, and that the history of it (past/present) should mainly be regards to the UK.

(ii) Variations of tax in different countries, How has it evolved and/or developed (Description, Analysis)

  • Which country first introduced CGT? D
  • What is the current CGT rate in the UK compared to other countries in EU, America, Asia? Has it changed recently – if YES/NO WHY? D
  • Does CGT have different rates in different countries, if so why? A
  • Has CGT increased over time, why? A
  • The trend of CGT in the UK since it was first implemented.

(iii) Effect of tax on economy over time

  • What effect does CGT have on individual and entities’?
  • How does it impact the choices individual’s make before taking up an investment?
  • Has CGT rates being increased/decreased benefited the government?
  • Ways in which this tax was manipulated to promote growth vice versa
  • The effect CGT has on the UK’s global competitiveness

(iv) Changes in tax during world events

  • Financial crash (2008)
  • Europe: WWI, WWII
  • America: Wall street crash, Trump presidency, 9/11
  • Asia: Japan deflating economy
  • UK: BREXIT, different political parties (eg labour v conservatives)

Order this Paper