What role do we want VAT to pay in our tax system?
James Plunkett, secretary to the Resolution Foundation’s Commission on Living Standards, writes of the need for a debate on the role of VAT in the tax system.
tax
Balls calls for new bank bonus tax
Ed Balls today calls for a £2bn bankers bonus tax to help create 100,000 jobs for young people. The move would repeat Alistair Darling’s successful policy.
IFS: Govt. claim 80% will be better off is misleading
The IFS has disputed Danny Alexander’s claim that 80 per cent of families will be “better off” as a result of the tax and benefit changes coming into force today.
Corp Tax cut cheerleaders WPP move headlines, not jobs to UK
It turns out that there’s less than meets the eye – for jobs and tax take – to WPP’s much trumpeted possible move to the UK following the annouced corp tax cut.
Boris’s scaremongering over ‘banker bashing’ not backed up by evidence
Boris Johnson and other Tory and right wing scaremongering over ‘banking bashing’ are not backed up by evidence, reports Dominic Browne.
Buoyant tax revenues give Osborne room to manoeuvre
The UK’s public finances were in much better shape in January than expected. There was a current budget surplus of £8.5bn and public sector net borrowing was -£3.7bn.
IFS: Richest to be hit hardest by tax changes in April
The respected economic think tank, the Institute of Fiscal Studies, have released a sneak preview of their annual ‘Green Budget’, to be launched on Wednesday. What we know so far is that the IFS are saying that tax changes to be brought in in April will cost the richest tenth of households typically 3 per cent of their income, compared to 1 per cent for the general population.
Immigration-fixated Daily Mail blind to looming demographic crisis
The Daily Mail is more worried about the numbers of foreign-born UK residents than the demographic timebomb facing citizens, taxpayers and young people.
Did John Swinney mislead MSPs on the Tartan Tax?
As with all good Budgets, it is only once the dust settles that the implications of the measures announced become clear and Scotland is no exception. Following the publication on Wednesday of the SNP government’s draft Budget, finance secretary John Swinney is facing calls from the main opposition parties to explain to parliament the government’s decision to forego its albeit limited tax varying powers.
IFS: Tax and benefit changes are regressive
Today the Institute for Fiscal Studies (IFS) said that the Government’s plan for fiscal consolidation is regressive, and will hit the poorest disproportionately hard, once cuts to welfare are fully taken into account.