Britain’s entrepreneurs and business innovators get generous tax breaks. They should keep getting them.
Borderless money was once the norm, says Dominic Frisby. We used it for centuries before the era of the nation state. And as the physical economy dematerialises, money will become borderless again.
The authorities in Scotland are undermining the economy’s appeal. They had better watch out, says Matthew Lynn.
Taxation is as old as civilisation itself. But how much is too much? Dominic Frisby looks at how taxation, war and society have evolved together over the centuries.
Our system of inheritance tax is needlessly complicated, says Merryn Somerset Webb. Here, she outlines one way in which the well-off could save over £300,000 on inheritance tax, just by following the rules to the letter.
The Labour Party has said that in its first Budget it would abolish non-domiciled status. But non-doms do pay tax, and they do have a choice where they pay it. Scare them off, and they’ll pay it elsewhere, says Merryn Somerset Webb.
The annual allowance that has wreaked havoc in the NHS has spread to the armed forces – and is a perfect example of how higher taxes can actually reduce the amount of tax collected.
Our tax system has become complicated and bloated. Trimming it would make it easier to understand, and boost the economy.
New IR35 tax rules governing “disguised employment” will hit firms and freelance workers.
Inheritance tax – Britain’s most detested tax – is set for an overhaul.
Our probable new prime minister wants to scrap the levy on sugary drinks introduced by some of his predecessors. Would that be a good move?