One man's relief...
KEY POINTS
- Targeted tax reliefs such as that for research and development are effective.
- Taxpayers’ response to specific reliefs is not always anticipated by government.
- Tax reliefs are scrutinised much less than public spending.
- The UK needs to adapt because of Brexit.
Do business tax reliefs constitute corporate welfare or are they essential elements of the tax system? This was the topic of a debate hosted by the Chartered Institute of Taxation and the Institute for Fiscal Studies (IFS).
The panellists were Kevin Farnsworth reader in social policy at the University of York; Annie Gascoyne head of economic policy at the Confederation of...
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