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.
Type: IFS Briefing Notes
Press release: Will income tax changes for the very rich raise any money?
This Briefing Note discusses how much scope there is to raise revenue from the very rich by increasing income tax rates and assesses in detail the amount of revenue that is likely to be raised by the government's proposed reforms. It extends analysis presented in the 2009 IFS Green Budget and updates some calculations in a submission to the Mirrlees Review. It also discusses information recently released by HM Treasury and HM Revenue & Customs concerning their methodology for calculating how much revenue these reforms will raise. The Briefing Note shows that there is considerable uncertainty over the revenue that could be raised from the very rich by increasing income tax rates, both because we cannot be certain about the distribution of incomes above £100,000 and because we cannot be certain how those affected will respond to the tax increase. It goes on to discuss under what conditions the measures in PBR 2008 could yield as much revenue as the Treasury is forecasting.
View all IFS Briefing Notes in the series
Recent IFS Briefing Notes
Price-based measures to reduce alcohol consumption
This briefing note considers the effectiveness of the proposed minimum unit price of alcohol.
Better Budgets: making tax policy work
This Briefing Note discusses ways of improving the tax system.
Autumn Statement 2012: More fiscal pain to come?
This briefing not examined the outlook for the public finances in the run-up to the 2012 Autumn Statement.