Tax Facts

New analysis by the TaxPayers’ Alliance shows that the bottom 10 per cent of earners in Britain are paying half of their income in tax, which is a dramatic increase on the previous year.

Scott Hodge, president of the Tax Foundation acknowledges that “although there is no empirical standard for what constitutes a “fair share” of the tax burden, tax fairness is often used by leading international organizations, such as the European Commission, and non-governmental organizations (NGOs) such as the Tax Justice Network, to justify higher taxes on businesses and corporations”.

The OECD published a new paper on statutory rates on capital income. 

Tax Freedom Day will be three days earlier than it was in 2017.

The Institute of Economic and Social Studies in Slovakia (INESS) finds that the Price of the State per person is rising every year, this time the number hitting EUR 6326.

European Commission published its annual report on the performance of EU Member States’ tax systems.

In October of 2017, the Spanish Taxpayers Union (UC) launched the first edition of its Regional Tax Competitiveness Index. This report inspired by the Tax Foundation’s State Business Tax Climate Index measures the country’s seventeen regional fiscal systems by analyzing 64 indicators and produces a ranking to show how each of them performs in comparison with the rest.

Hampered by high marginal tax rates and complex business tax rules, the United States again ranks towards the bottom of the pack on our 2017 International Tax Competitiveness Index, placing 30 out of 35 OECD countries.

This report contains a detailed statistical and economic analysis of the tax systems of the 28 Member States of the European Union, plus Iceland and Norway which are members of the European Economic Area. In addition to the analysis of Europe-wide trends, the report includes country chapters covering the 28 EU Member States, Iceland and Norway.

Removing corporate welfare would allow for a six percentage point reduction in the company tax rate that would benefit all businesses equally.