Tax and Fiscal Policy

Jamie Whyte appears on Radio 4's Sunday programme

Jamie Whyte appeared on Radio 4's Sunday programme to discuss 'Tax Justice Sunday'. Jamie argued that the rationale behind taxation is to fund public goods, which everyone benefits from, such as defence and law and order. Tax Justice Day on the other hand suggests that the rationale behind tax is charitable, but this is not ... Continue reading

Julian Jessop writes for Conservative Home

Julian Jessop, Chief Economist at the Institute of Economic Affairs has written for Conservative Home on Michael Gove's achievements so far as Secretary of State for the Department of Environment, Food and Rural Affairs. The benefits can already be seen in at least two areas of DEFRA’s work. The first is Gove’s drive to replace ... Continue reading

The IEA's SNP fringe event features in The Guardian

The IEA’s fringe event at SNP conference this year has featured in The Guardian. At a debate organised by the Institute for Economic Affairs, veteran former SNP MP George Kerevan described the report as “a little too conservative for my case”, saying “if you start risking people at the other end – the poor, the ... Continue reading

IEA SNP fringe event features in The Scotsman

The IEA’s fringe event at SNP conference this year has featured in The Scotsman. At the event hosted by the Institute of Economic Affairs, Mr Kerevan said Scotland’s lack of its own currency would deprive the nation of the mechanisms to influence the economy. Under the arrangement to keep the pound, Scotland would not have ... Continue reading
Government and Institutions

IEA fringe event at SNP features on BBC News website

The IEA's fringe event at SNP conference this year has featured on the BBC News website. Discussion of things like sterlingisation and deficit reduction on the main stage have been fleeting at best, with nothing approaching a formal debate or a vote. The party insists that its upcoming National Assemblies are the proper venues to discuss such ... Continue reading

Mark Littlewood comments in The Telegraph

Mark Littlewood, Director General at the Institute of Economic Affairs has commented in The Telegraph on the Archbishop of Canterbury's calls to raise taxes to pay for the NHS. Increasing taxes to fund the NHS would not be courageous, but irresponsible. If they want to be brave, politicians must stand up to these ever-louder siren calls ... Continue reading
Tax and Fiscal Policy
Would the world be a better place if offshore finance didn’t exist? Shadow Chancellor John McDonnell doubtless thinks so, believing that the tax planning these jurisdictions make possible only hurts other countries. Yet a look at the evidence might surprise him. There is ample reason to venture that the unprecedented rise in living standards and ... Continue reading

Diego Zuluaga writes for City AM

Diego Zuluaga, author of the Institute of Economic Affairs' new report on tax havens, has written for City AM making the case for why offshore financial centres have been partly responsible for rising global prosperity. Tax havens do not undermine the taxing ability of other countries – in fact, there is evidence that proximity to ... Continue reading
Research

Clamping down on offshore financial centres would not raise tax revenue

Summary:  Offshore financial centres (OFCs) are alleged to be hotbeds of tax evasion. Their role in facilitating individual and corporate tax planning, which is entirely legal but politically controversial, has also come under the spotlight. However, OFCs play an important economic function. By mitigating instances of double and triple taxation, offshore centres raise aggregate investment. ... Continue reading

IEA releases report debunking the myths surrounding the purposes of tax havens

The popular account of offshore financial centres as hotbeds of tax evasion is an outdated caricature that bears little resemblance to how OFCs operate. A new report from the Institute of Economic Affairs debunks a number of myths surrounding OFCs – or tax havens – and outlines the important economic function they play in a ... Continue reading