Centre for Business Taxation

Filter by

Sort by date



Posted by: on October 27, 2020

In the wake of the cum-ex affair: Shouldn’t we stop tax systems facilitating t...

It is hard to think of any set of tax rules in tax systems that are generally more problematic than those that deal with the taxation of financial products. This has been a problem area for decades, with banks in particular regularly exploiting the position, monetizing the inadequacies and inefficiencies in the tax system through […]

Read more

Posted by: on October 20, 2020

Public Policy and the Pandemic: What Trade-off Between Health and Economic Objec...

UK public health policy is driven by a perceived need to balance health and economic concerns. This view is difficult to reconcile with the available evidence. The resulting strategy is myopic, and has not performed well during the pandemic. The UK public policy response to the Covid-19 pandemic has not been conspicuously successful. Among OECD […]

Read more

Posted by: on October 16, 2020

A European Green Tax Deal during the Pandemic: A New Start?

A year ago, Ursula von der Leyen, then the newly elected President of the European Commission, launched a “European Green Deal”.  A year later, on 16 September 2020, von der Leyen confirmed her plan to make Europe the “first climate-neutral continent by 2050” in her State of the Union address. You could be forgiven for […]

Read more

Posted by: on September 30, 2020

The Job Support Scheme is a huge tax on employment

The Job Support Scheme (JSS) announced on Thursday last week has been billed by the government as subsidising the pay of employees who are working fewer than their normal hours. It is supposed to support employment and prevent layoffs. It has received broad support from business. According to Dame Carolyn Fairbairn, the CBI’s Director-General, “it […]

Read more

Posted by: on August 10, 2020

Apple, Ireland, and the European Union: Time to Move beyond Failed Approaches

Our international tax system is broken. Indirect remedies will not work, nor will demonizing companies or countries. Major tax reform is needed. Recently the EU General Court handed the European Commission a major defeat, quashing  the EC’s 2016 order that Ireland collect €13.1 billion in back taxes (plus accrued interest) from Apple. The now-overturned order […]

Read more

Posted by: on July 13, 2020

The Chancellor’s summer economic statement

On Wednesday, the Chancellor announced a £159 billion package to tackle the challenges arising from the Covid-19 crisis. In this blog, I will discuss three of the Chancellor’s announcements: the Coronavirus Job Retention Scheme (CJRS) phase-out plan, the series of policies under ‘Supporting Jobs’,[1] and the VAT reduction for the hospitality sector. The Office for […]

Read more

Posted by: on July 7, 2020

A temporary VAT rate cut may get us spending, but would it speed the recovery?

As the hospitality sector and high street shops begin to re-open, should the UK government introduce a temporary VAT rate cut to boost consumer spending? Other European countries are considering such a measure, and Germany has already cut its VAT rate from 19% to 16% until the end of the year.[1] The aim of a […]

Read more

Posted by: on June 29, 2020

A Policy for a Rebound Recovery

As the UK lockdown begins to ease, everyone hopes that the economic recovery will take the form of a sharp rebound. Given that average real wages have only just recovered to their 2008 levels following the financial crisis,[1] a sharp rebound from an even more severe crisis would be extremely welcome. But it cannot be […]

Read more

Posted by: on March 3, 2020

The Impact of Pillar II on Incentives: a trade-off between revenue and investment

By François Bares, Michael Devereux and İrem Güçeri In its Global Anti-Base Erosion (GloBE) proposal (also commonly referred to as Pillar II), the OECD has proposed a minimum tax to be paid by multinationals on their foreign profits. Recent CBT Blogs have already summarised the key components of the GloBE proposal and so in this […]

Read more

Posted by: on February 18, 2020

What problems might the GloBE solve?

by Michael Devereux and John Vella The 137 countries comprising the OECD’s Inclusive Framework recently agreed to continue exploring the two sets of proposals grouped under Pillars I and II on a “without prejudice basis”. The quest for reform rolls on, at least for the time being. How it will end is anybody’s guess. The […]

Read more