Scottish income tax yielded £0.5bn less than predicted in its first year under Holyrood control due to a smaller than anticipated pool of high earners, according to new analysis.
Some current tax systems across the world – including the UK’s - are “irresponsible” and are doing nothing to improve gender equality, a parliamentary panel has warned.
The Scottish Fiscal Commission is due to publish economic and fiscal forecasts today. With so much uncertainty, making those predictions will be a difficult task. Alan Bermingham explains why.
Further divergence between Scotland and the rest of the UK on taxation is inevitable because of their differing political priorities, Scottish finance secretary Derek Mackay has told PF.
With a public distrust of taxation and how it is used, ring-fencing tax for specific purposes could simplify it and solve the problem of some people being reluctant to pay it, says Common Vision’s...
Growth in tax revenue would likely be wiped out by the highest earners taking action to reduce their liabilities, analysis from the Scottish Government’s independent budget advisers has said.
The UK’s income tax system should be radically simplified and streamlined, a move that would boost the government’s ability to raises taxes easily and fairly, the Institute for Public Policy Research...
Nearly two-thirds of the public say government spending should increase even if that means higher taxes as support for austerity fades, according to research.
Raising the top rate of income tax to 50% could raise up to £2bn more for the Treasury but could also cost more than double that depending on how high earners react, according to Institute for...
Scottish finance secretary John Swinney has shunned his first opportunity to set a different income tax for Scotland from that of the rest of the UK, but made clear his intention to do so if and when...
The poorest 10% of households pay the highest proportion of their gross income in taxes of any income group, according to an analysis by the Taxpayers’ Alliance.
Low-income families with children and the very well off are the two groups that have lost the most from the coalition government’s changes to tax and benefits for working-age people, the Institute...
