Facts and figures about UK taxes, benefits and public spending.
Income distribution, poverty and inequality.
Analysing government fiscal forecasts and tax and spending.
Analysis of the fiscal choices an independent Scotland would face.
Case studies that give a flavour of the areas where IFS research has an impact on society.
Reforming the tax system for the 21st century.
A peer-reviewed quarterly journal publishing articles by academics and practitioners.
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Funded by:
Low Pay Commission
Date started: 14 April 2009
This project uses the Labour Force Survey, the Family Resources Survey and TAXBEN, the IFS's tax and benefit simulation model to analyse the interaction of the National Minimum Wage (NMW) with the tax and benefit system. In particular it includes an analysis of the position of families with NMW recipients in the working-age income distribution and the marginal effective tax rates and participation tax rates these workers face, compared to other wokers. The impact of a 10% increase in the NMW on family income is also simulated. The main analysis is based upon the 2007-08 tax and benefit system and we also investigate how changes in the tax and benefit system affected/will affect NMW recipients and their families.
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