The UK economy will grow more slowly than any other advanced economy next year, the OECD has warned in a downbeat assessment of the nation’s prospects.
Increasing taxes would bring the tax burden in line with other advanced economies and support more effective public services, the Institute for Public Policy Research has said.
The UK government could introduce a domestic minimum tax rate of 15% for multinational companies in an attempt to steer revenues away from low-tax territories towards the Treasury.
The recently announced budget watchdog created to assess Northern Ireland’s public finances will not have “legally binding teeth” to prevent scandals such as that surrounding the green energy scheme.
The UK government will need to get record debt in relation to GDP onto a “downward path” once the economy has recovered from Covid-19, according to the OECD.
The UK Treasury has denied reports that it is to drop the recently-implemented digital services tax amid fears it could jeopardise a post-Brexit trade deal.
Trade in counterfeit goods cost the government at least £3.8bn in tax revenue in one year, although the real number is likely to be “much higher”, the OECD has found.
The UK should commit to spending £20bn to the UN climate fund until 2030 to pay its “fair share” based on the country’s historical contribution to carbon emissions, a think-tank has urged.
The UK spends more than other countries on education, although there are still a few sticking points, such as university student costs, explains HEPI’s Nick Hillman.
Governments must invest more in public services and citizens in order to boost sustainable and inclusive growth and tackle the problem of ‘left-behind’ groups, according to the OECD.
Attempts to stamp out global tax avoidance are being undermined by countries negotiating low-tax sweetheart deals. How should the system be cleaned up?
The UK economy will slow down next year because of the uncertainty created by the Brexit negotiations, the Organisation for Economic Cooperation and Development has announced.
Wales must continue to reform its national curriculum and raise the standard of teaching to improve the quality of its school system, an OECD assessment has found.
Government across the world have been urged to consider new ways to provide public services, housing and transport in cities following a review that found cities have higher rates of inequality than...
A leading tax campaigner has said the era of secrecy in corporate taxation is over and called for the UK to get ahead of the game and increase transparency.
Facts and figures from the October 2016 edition of Public Finance magazine, our international special, on global life expectancy, government health spending and fat taxes
The OECD has slightly revised up its growth forecast for the UK in 2016 despite what it said was the “extremely high” uncertainty of the impact of the vote to leave the European Union.
An all-party parliamentary group has claimed the international proposals to combat global tax evasion do not go far enough and may create new loopholes that could be used to not pay the correct...
A UK exit from the European Union would impose a “persistent and rising” cost on the economy, akin to a tax that could cost British households as much as £5,000 by 2030, the OECD has warned
The OECD should no longer be responsible for undertaking reviews of the global tax system, a UK parliamentary group examining changes to the international taxation has been told.
The OECD has urged its members to move away from austerity towards a “new strategy” of exploiting cheap borrowing and increasing public investments, particularly in infrastructure.
