What role do headline tax rates (including the impacts of differing regional tax rates in devolved tax systems), reliefs, grants and tax system stability play in business investment decisions and economic growth, and what is the relative importance of each of these factors?
Background
The tax section concerns HM Treasury’s understanding and strategic oversight of business, environmental, transport, property, VAT, excise taxes and customs duties that together raise revenue of over £250 billion a year. This is vital to fund essential public services, while working to support the Government’s wider agenda – including building strong foundations from which to drive economic growth and make Britain a clean energy superpower.
Next steps
Get in touch with [email protected]
Source
This question was published as part of the set of ARIs in this document:
Topics
No topics assigned yet
Research fields
No research fields assigned yet
Related UKRI funded projects
-
The effects of business and payroll taxes on firms and workers: evidence from linked employer-employee data
While the average rate of corporation tax amongst OECD countries was close to 50 percent in the early 1980's, it had fallen to below 25 percent by 2015. Moreover, competition to attract inward investment through cuts in ...
Funded by: ESRC
Lead research organisation: UNIVERSITY COLLEGE LONDON
Why might this be relevant?
The project examines the effects of business and payroll taxes on firms and workers, providing insights into the impact of tax reductions on employment and tax revenues.
-
The effects of business taxation on economic and social welfare: new insights from tax return data
Despite attempting to reduce a very large budget deficit by cutting public expenditure and raising other taxes, the UK government intends to cut the main rate of corporation tax - levied on corporate profit - from 28% to...
Funded by: ESRC
Lead research organisation: University of Oxford
Why might this be relevant?
The project analyzes the effects of business taxation on economic and social welfare, including investment, tax avoidance, and the responsiveness of taxable income to tax rates.