The Mirlees Review was a comprehensive review of the UK tax system undertaken in 2010, chaired by the Nobel laureate Sir James Mirrlees for the Institute for Fiscal Studies.
The findings were launched in November 2010 and were published by Oxford University Press in two volumes.
[1] The report argued that it was possible for governments to raise the same revenues at significantly lower cost than the current system of taxation[2] and submitted recommendations to support this notion.
The review panel members were: The report was based on the following key principles.
Specifically, the report recommended the introduction of a land value tax, consistent carbon pricing, the replacement of inheritance tax with a lifetime wealth transfer tax, the replacement of fuel duty with well-targeted congestion pricing, a single integrated benefit for those with low income and/or high needs, the merger of income tax, National Insurance and capital gains tax into a single tax on incomes and the abolition of stamp duty, among other measures.