Due to historical pressures, the tax systems of the UK, Europe and the US have evolved very differently. Martyn Gowar advocates re-writing the book to simplify the situation for wealthy individuals

Imagine yourself, if you will, as a successful lawyer in 1850. You have a thriving practice and, with your wealth, you have built a house on a nice plot of land in the open fields two miles from Marble Arch. It is the envy of your neighbours – smart, spacious and comfortable. Over the years with your growing family it suits you very well and you are able to hand it on to the next generation.