“Taxing billionaires: Geographical location of the ultra-wealthy in the U.S. is highly sensitive to state estate taxes” By Enrico Moretti and Daniel J. Wilson, courtesy of IZA The United States exhibit vast geographical differences in the degree to which personal income, corporate income and wealth are taxed. There has been much debate in […]
Tag: revenue
UK working class voters want real tax relief
“New polling from the TaxPayers’ Alliance shows tax cuts are key to winning working class votes” Courtesy of the Taxpayers’ Alliance Landmark national polling data, commissioned by the TaxPayers’ Alliance (TPA) and conducted this summer, has found that working class voters back bold tax cuts, both on household income and on British businesses. […]
UK can’t afford to live in fiscal fantasy land
“Budget or no budget, with borrowing now on the rise again fiscal realities can’t just be wished away” By Carl Emmerson, Paul Johnson and Isabel Stockton, courtesy of IFS Today was the intended date of Sajid Javid’s first Budget as Chancellor. The failure to implement a Brexit deal, and the general election campaign, […]
No, taxing the rich really doesn’t work
By Nicolas Lecaussin, courtesy of IREF and Contrepoints California is becoming the new France. Here we prefer the poor to the rich, and we do everything to tax and punish the well-off. Except it turns out it doesn’t work in California either — in fact it even has the opposite effect. In 2012, […]
Raise the inheritance tax threshold to £1 million
“Raise the inheritance tax threshold to £1 million” Duncan Simpson, courtesy of Taxpayers’ Alliance If the inheritance tax threshold was increased from £325,000 to £1 million, almost 25,000 fewer families would have to pay the hated death tax across this year and next. The government would still be raking in £7 billion […]
Healthy tax competition is possible and needed
“Principled Tax Competition” By Daniel Bunn and Else Aken, courtesy of IREF The structure of a country’s tax code is an important determinant of its economic performance. The Tax Foundation’s International Tax Competitiveness Index has ranked OECD countries’ tax systems for the last six years, and every year Estonia has been the number one country […]
Yes, a financial transaction tax is an awful idea
A tax on financial transactions has long been a popular idea on the far left, with the latest proposal for a levy on transactions coming from UK’s Labour Party under the leadership of the unreconstructed Marxist Jeremy Corbyn. However the proposal is a spectacularly […]