Up until recently, the proponents of the cluster of financial developments around the Great Re-Set, Decentralized Finance, Central Bank Digital Currency, Financial Inclusion, Fintech, Open Banking et al have had…
UK
There was universal relief in the UK and international media at the demise of Prime Minister (PM) Liz Truss and her replacement by the man she had recently defeated in…
According to The Economist, these turbulent times have completed the transformation of Britain into a new country, characterized by political instability and low growth, and subordinated to financial markets. Britaly…
Online Articles
‘Liability Driven Investment’ explained: the first bailout of the new Global Financial Crisis
by
Bob Lyddon
‘Liability Driven Investment’ or ‘LDI’ is both a nonsense and a truism, and is now a byword for a disaster in the UK financial system. Here is what happened. As…
The UK labour market at the beginning of 2016 is in a rather good shape. The rate of unemployment has decreased steadily in the last two years and is now…
Celebrating that the end of the world has been temporarily postponed (presumably due to government planning) the IREF Paris team wishes you Happy Holidays.
In lieu of Season’s Greetings, our Swedish and German colleagues have devised Calendars, revealing both government waste and clever advice on taxes. These may be viewed online at Skattebetalarna and Steuerzahler.
The Taxpayers’ Alliance has launched a petition on its website (freezebusinessrates.org) to enable taxpayers to appeal to their members of Parliament on business rates.
Corporate taxation in the United Kingdom rose by 4.6 per cent in 2011, by 5.5 per cent in 2012. Yet the coalition government seems set to implement a further 2.6 per cent hike in April 2013.
Our colleagues at the TPA have campaigned successfully against union subsidies. This means that the number of civil servants working for the unions at the taxpayers’ expense will now be…
The Taxpayers’ Alliance has published a summary of its final report, proposing a Single Income Tax to tax streams of income once. As stated by Allister Heath, Chairman of the TPA Tax Commission, “the old order is broken and needs radical reform. But we are also realists: our proposals, while far-reaching, are practical”.
News
Taxation and Red Tape: The Cost to British Business of Complying with the UK Tax System
by
IREF
The Institute of Economic Affairs is publishing a study on the burden of tax compliance and administration in the UK.
This monograph shows the severely regressive nature of the costs of complying with the UK tax system – small firms suffer far more than large firms from the imposition of government bureaucracy related to tax collection.