Fiscal & Taxation Publications

December 1, 2014

Taxing Problem: the UK’s Incoherent Tax System

The UK tax system is incoherent. Even ignoring benefits styled as tax credits and the withdrawal of child benefit, taxpayers can face seven different marginal rates of personal tax. In the long term, aiming for significantly lower levels of government spending could facilitate substantial marginal tax rate cuts, and the government should aim to return to a tax system with two, or preferably one, overall marginal rates of tax on income.
October 1, 2014

Nutrition Taxes: a Broken Tool in Public Health Policy

It is vital to understand that the impact of nutrition taxes on the consumption of nutritionally poor food is unclear and that there is a sizable risk of instituting additional constraints on the country’s economic activity without getting the expected public health benefits.
September 1, 2014

Advertising in a Free Society

In practice it is impossible to distinguish between advertising that is intended to be persuasive and advertising that is intended to be informative. Persuasive advertising normally has information content and even basic information provided by a company about its products will normally be intended to make consumers more interested in the product.
September 1, 2014

The New Equality: Global Development From Robin Hood to Botswana

In the mid-1700s Europe and North America broke with thousands of years of economic stagnation. When power was spread around in society, countries began to experience sustained growth. It was also the birth of global income inequality, which continued to grow for about two centuries.
June 1, 2014

Position on Expanding the Interchange Fee Regulation to Commercial Payment Cards

The measures proposed by the European Commission are not suitable for achieving a single market in card payment services. On the contrary, the measures proposed by EC would be harmful. The regulations would have the greatest negative effect on consumers, who are likely to incur relatively higher card handling fees, and to lose part of discounts or incentives.
June 1, 2014

Punishing the Majority: Problems With Alcohol Policy in UK

Alcohol policy in Britain and many other countries aims to reduce per capita alcohol consumption in the belief that this will inevitably reduce heavy and harmful drinking. The cornerstone policies of this approach are advertising bans, licensing restrictions and higher taxes.