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Tag Archives for: "tax credits"
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How IT can revolutionise the tax and benefits system

By Douglas Bamford Filed Under: Featured, Westminster Watch Posted: December 9, 2015

IT has fundamentally changed how we work and spend our spare time. Recent and future developments can do the same for the tax system, argues Douglas Bamford. The ideal tax system would tax economic good fortune, subsidise those with poor fortune and improve economic incentives. These aims tend to conflict with one another, but I […]

Tagged With: hmrc, hour credits, IT, tax, tax credits

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Tax Credits and the Shadow Economy

By Douglas Bamford Filed Under: Featured, Westminster Watch Posted: October 26, 2015

Cutting tax credits is the wrong way to reform the benefits system, argues Doug Bamford. Earnings subsidies will reduce the incentive to work in the shadow economy, he explains. Recent government plans to reduce tax credits have generated a lot of interest and controversy. I propose a further reason to think that the proposals are […]

Tagged With: earning subsidy, George Osborne, shadow economy, tax credits, universal credit

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