IFS Zooms In: The Economy

How to fix our irrational income tax system


Listen Later

Income tax and National Insurance Contributions are our biggest taxes. Together they raise almost half of all tax revenues. 


National Insurance Contributions were cut at the start of the year, but we’re in the middle of a multi-year freeze in tax thresholds that will amount to a tax rise of over £40 billion by the time it’s finished. And these are just the latest in a string of changes in how we tax personal incomes.


From cliff edges and personal allowances, to Scotland's 6-band income tax system and The Beatles' scheme to minimise their tax, we cover all things income tax.


To do that, we're joined by Helen Miller, Deputy Director at IFS and head of our tax sector, and Dan Neidle, a tax lawyer and founder of Tax Policy Associates.


Find out more: https://ifs.org.uk/


Become a member: https://ifs.org.uk/individual-membership

Hosted on Acast. See acast.com/privacy for more information.

...more
View all episodesView all episodes
Download on the App Store

IFS Zooms In: The EconomyBy Institute for Fiscal Studies

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

2 ratings


More shows like IFS Zooms In: The Economy

View all
The New Statesman | UK politics and culture by The New Statesman

The New Statesman | UK politics and culture

130 Listeners

Politics Unpacked by The Times

Politics Unpacked

119 Listeners

Political Fix by Financial Times

Political Fix

155 Listeners

The Briefing Room by BBC Radio 4

The Briefing Room

76 Listeners

Political Thinking with Nick Robinson by BBC Radio 4

Political Thinking with Nick Robinson

102 Listeners

Inside Briefing with the Institute for Government by Institute for Government

Inside Briefing with the Institute for Government

24 Listeners

Westminster Insider by POLITICO

Westminster Insider

39 Listeners

The Rest Is Politics by Goalhanger

The Rest Is Politics

3,104 Listeners

The News Agents by Global

The News Agents

974 Listeners

The Rest Is Politics: Leading by Goalhanger

The Rest Is Politics: Leading

969 Listeners

The Rest Is Money by Goalhanger

The Rest Is Money

242 Listeners

Political Currency by Persephonica

Political Currency

106 Listeners

Politics At Sam and Anne's by Sky News

Politics At Sam and Anne's

36 Listeners

How To Win An Election by The Times

How To Win An Election

21 Listeners

Not Another One by Steve Richards, Miranda Green, Tim Montgomerie and Iain Martin

Not Another One

23 Listeners