Can we make the tax system fair to all generations? Lords to ask experts
The House of Lords Committee on Intergenerational Fairness will next week take evidence on the impact of the tax system on the distribution of wealth between generations
Across two sessions, with academics, thinks tanks and media commentators, the Committee will explore whether the tax system is fair to people at different stages in life – including whether it is appropriate to provide universal benefits with qualification based on age, the balance between income and property tax and whether the ageing population will have a profound effect on tax and spending policies in coming decades.
The sessions will start at 11:30am on Tuesday 27 November in Committee Room 4A of the House of Lords. Giving evidence to the Committee will be:
11:40am
- Professor James Sefton, Chair in Economics, Imperial College London
- Julian McCrae, Senior Advisor to the International School of Government, King's College London
- Chris Giles, Economics Editor, Financial Times
12.30pm
- Professor Sir John Hills, Chair of CASE and Richard Titmuss Professor of Social Policy, London School of Economics
- Warwick Lightfoot, Head of Economics and Social Policy, Policy Exchange
- Carys Roberts, Senior Economist, Institute for Public Policy Research
- Rory Meakin, Research Fellow, TaxPayers' Alliance
In the first session, questions will focus on how far the Government should consider the impact of its policies on future generations and how effectively it can analyse the impact of different polices on different generations.
The second session will look at whether workers beyond state pension age should pay national insurance contributions, the appropriateness of universal pensioner benefits and whether we should shift the balance of taxation onto the consumption rather than transaction of housing, for example by reducing stamp duty but increasing council tax.
