Calls for complete overhaul of 'unfit' inheritance tax system

Resolution Foundation proposes ‘lifetime receipts tax’ that would allow an untaxed lump sumInheritance tax should be scrapped, and replaced with a fairer system that would be harder to dodge, thinktank the Resolution Foundation has said.In its latest report into how to tackle unfairness between the generations, the thinktank, chaired by former Conservative minister David Willetts, says inheritance tax is by far the most unpopular tax. Continue reading...