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Blogs in Tax

  • Labour hasn’t accounted for the ways tax affects behaviour

    Labour hasn’t accounted for the ways tax affects behaviour

    Tim Knox | | Tax
    This piece was originally published by the Times Red Box.It seems so simple, logical even. At first glance. First, you just calculate how much a tax rate generates for the Treasury. Then you do the simple calculation to show how much more the Treasury would get if you put up ...
  • What the Conservative manifesto should pledge on tax

    What the Conservative manifesto should pledge on tax

    Tim Knox | | Tax
    This piece was originally published by the Telegraph as part of their General Election series.The world of work is changing quickly – and the extraordinary success of the Government in presiding over an economy with almost full employment is a tribute to the broadly flexible nature of the UK labour market. ...
  • How Hammond is keeping Britain open for business

    How Hammond is keeping Britain open for business

    Daniel Mahoney | | Tax
    This article was initially published on CapX on 8th March 2017. One of the key planks of the Coalition’s competitiveness agenda was corporation tax. Although their fiscal consolidation plan involved some tax rises – particularly on VAT – the headline rate of corporation tax was cut dramatically from 28 per cent to ...
  • A lesson from history for Bill Gates

    A lesson from history for Bill Gates

    Llew Cross | | Tax
    Bill Gates would like all consumers to pay extra for products produced by robots that replace humans in the form of a tax on robots. Seems reasonable? Don’t be fooled. By levying a tax on robots of manufacturing, the cost of this tax will be passed onto the consumer through ...
  • Why Australia Should Shift its Burden of Taxation

    Why Australia Should Shift its Burden of Taxation

    Cathal Leslie | | Tax
    Across the world governments are decreasing tax on capital income and increasing tax on consumption. In the OECD, the average rate of Value Added taxes rose from 16.7% to 19.2% between 1990 and 2015, while the average OECD company tax rate dropped from 38.7% to 25.0% over the same period. ...
  • We must keep the Tax Avoidance Scandal in Perspective

    We must keep the Tax Avoidance Scandal in Perspective

    Daniel Mahoney | | Tax
    Google’s tax arrangements have rightly caused concern amongst the British public. Some digital companies have been taking advantage of an international tax system – set up in 1928 at the League of Nations – which has been reliant on the idea that companies are taxed where profits are created, not ...
  • Andrew Tyrie is right on inheritance tax changes

    Andrew Tyrie is right on inheritance tax changes

    Thomas Carter | | Tax
    Last Monday, Andrew Tyrie, chairman of the Treasury Select Committee branded Conservative inheritance tax changes a “mess.” He is right.In the summer budget, the Chancellor announced plans to create a £175,000 transferable tax allowance – due to be implemented gradually from 2017 – for homeowners who wish to pass their ...
  • Why we should cut the 45p rate

    Why we should cut the 45p rate

    Alex Howard | | Tax
    In a recent article in the Times, David Cameron announced that he would not touch the 45p tax rate, instead reaffirming his emphasis on raising the personal allowance and the thresholds for lower tax bands. While reductions in tax at these lower levels is commendable, it is vital that the ...
  • Tax reform is needed to raise productivity

    Tax reform is needed to raise productivity

    Adam Memon | | Tax
    Yesterday I attended an event held at the Social Market Foundation with Paul Johnson the Director of the Institute for Fiscal Studies discussing tax policy. He was certainly interesting and there was much that he said with which I agreed. For example, our increasing dependence on a highly mobile elite ...
  • Increasing the Personal Allowance is still a powerful tool

    Increasing the Personal Allowance is still a powerful tool

    Adam Memon | | Tax
    It was mildly amusing to see the Lib Dems recently complaining that the Conservatives were claiming the credit for having increased the Personal Allowance. They seem to have forgotten that it was the Centre for Policy Studies which first proposed increasing the Personal Allowance to £10,000 back in 2001. This ...
  • Miliband wants another tax on pensions

    Miliband wants another tax on pensions

    Adam Memon | | Tax
    At PMQs today, Ed Miliband attacked the Government for what he described as a tax loophole for hedge funds. This was quite a misleading way to describe a strategic tax cut to boost the investment management industry and ultimately make it easier to generate returns for most people’s pensions. It ...
  • “Accelerated Payment Notices” – HMRC as Judge, Jury and Executioner

    “Accelerated Payment Notices” – HMRC as Judge, Jury and Executioner

    Matthew Rees | | Tax
    In September 2014, HMRC issued the first wave of “Accelerated Payment Notices” (APNs) to around 2,500 individuals suspected of entering into what it calls “unacceptable tax avoidance schemes,” and will issue a further 43,000 notices over the next 18 months in an attempt to recover an estimated £7.1 ...
  • Either Miliband is stupid (he isn't) or he thinks we are

    Either Miliband is stupid (he isn't) or he thinks we are

    Tim Knox | | Tax
    Ed Miliband has today pledged to increase spending on the NHS if successful in next year’s general election. Already costing £113bn in 2013/2014, the NHS has attracted much criticism regarding its inefficiency and expense.The Labour leader has explained that his party’s further increase in NHS spending will be funded by ...