A history of taxing the rich – what might the future hold?

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Welfare & Tax Reform

Thanks to Panama and its papers, the rich and the tax they do (or don’t) pay is back at the top of the news agenda. Even before details of thousands of off-shore accounts/companies/investments emerged, the issue of what tax the rich should pay had recently returned to the centre of political debate for the first … Continued

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The billions that the spending review forgot

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Fiscal Choices

New Year’s Eve is an exciting day. For, each year, it is the day that the government – without any fanfare – publishes new stats on the cost of tax expenditures. Presumably it is only coincidentally a time of year when scrutiny and column inches are likely to be limited. This is a shame, because … Continued

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Tax expenditures deserve far more scrutiny

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Welfare & Tax Reform

Last month, the UK government presented its Spending Review, setting out departmental budgets for the next four years. There were protections for some departments and large cuts (though smaller than expected) for others. Coming after years of previous cuts, many departmental budgets by 2019 will be only half what they were in 2009. Opinions will … Continued

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We can’t (tax) cut our way out of the tax credit problem

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Welfare & Tax Reform

When it comes to this April’s tax credit cuts we’re now swiftly approaching t‎he point where everyone accepts there is a problem, and starts to ask the real question – what is the solution? ‎ Forthcoming work from the Resolution Foundation will look at the issue in detail, but it’s worth sketching out the parameters … Continued

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It’s time to talk about tax relief – how more accountability on tax expenditure could help ease the welfare squeeze

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Welfare & Tax Reform

As the Budget approaches we await the details of deep cuts in welfare spending, but the fact that they are coming is beyond doubt. With the main tax rises having been blocked off, and public services already facing a faster pace of cuts than in the last parliament, every sinew is being strained in the … Continued

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