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Taxation

Reform of Corporation Tax

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Reform of Corporation Tax" In August 2002, the government issued a consultation document on further reform to the corporation tax system. Although the consultation addresses three topics capital assets, the schedular system and the distinction between trading and investment companies the major issues revolve around the treatment of assets and losses. This response focuses on these larger issues. It aims to explain the main proposals contained in the consultation, to provide some empirical evidence on the scale of possible changes and to make some comments on the wider policy issues that these proposals raise. "Reform of corporation tax: a response to the government's consultation document" by Alexander Klemm and Julian McCrae is published by the Institute for Fiscal Studies. .

 

By Institute for Fiscal Studies , UK.

Taxation Policy Resource.


Fiscal Incentives to Work and Marry

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Fiscal Incentives to Work and Marry" Mike Brewer and Tom Clark show how New Labour's welfare reforms have changed people's financial incentives. No-one now faces poverty or unemployment traps (effective taxation rates of over 100%) though more people are covered by means tested benefits - blunting their incentives to work. It has become less attractive to find a partner and having a child has become more financially rewarding. "The impact on incentives of five years of social security reforms in the UK" is published by the Institute for Fiscal Studies.

 

By Institute for Fiscal Studies , UK.

Taxation Policy Resource.


Reducing CO2 Through Excise Duties

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Reducing CO2 Through Excise Duties" This paper considers the distributional effects of imposing additional excise duties on energy products according to carbon content. The assumed duties escalate from 1999 to 2010 and achieve levels reducing CO2 emissions by 10 per cent below baseline by 2010 for 11 EU member states. By 2010, real personal disposable incomes are 1.6 per cent above baseline and employment is 1.2 per cent above, assuming that the change is tax-revenue-neutral. The study concludes that the changes will be weakly regressive for nearly all the member states in the study if revenues are used to reduce employers? taxes and strongly progressive if they are given back lump-sum to households. "Equity and ecotax reform in the EU: achieving a 10 per cent reduction in CO2 emissions using excise duties" by Terry Barker and Jonathan Köhler, is published by the Institute for Fiscal Studies.?

 

By Institute for Fiscal Studies, UK.

Taxation Policy Resource.


IFS Green Budget

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IFS Green Budget" The Institute for Fiscal Studies present their well respected Green Budget - an annual look at the tax and spending choices open to the British government before the official budget. Highlights from this year's Green Budget include discussions of the prospects for financing Higher Education through a graduate tax, R&D tax credits and asset-based welfare reforms.?

 

By Institute for Fiscal Studies, UK.

Taxation Policy Resource.