Taxes and benefits

A model is developed that allows for a layoff rate and a job arrival rate in the intertemporal choice of consumption and labor market state.

The exact measurement of the welfare costs of tax and price reform requires a detailed knowledge of individual preferences. Typically, first-order approximations of welfare costs are calculated avoiding detailed knowledge of substitution effects.

Double taxation of company dividends is reduced in the UK by a partial imputation system of corporation tax, which was introduced in 1973.

The tax treatment of company dividend payments is an area where corporate taxation interacts with the personal income tax.

The national non-domestic rate was introduced in 1990 to replace a system of locally varying business rates which had lasted for almost four centuries. Five years after the. 1990 reforms, this report evaluates the operation of the present system and discusses various options for reform.

This paper contrasts Samuelson's (1964) definition of "true economic depreciation" with the use of this term that has become standard in the more recent literature on neutral business taxes.

Our paper evaluates the labour supply effects of 'in work' benefit reforms in the UK, using the means-tested benefit reforms of July 1995 as an example.

This paper compares the employment behaviour of innovative firms with those that are less technologically advanced.

We study transitions in and out of work for men over the age of forty in order to investigate the principal determinants of retirement age.

This paper aims to investigate the impact of the UK Family Credit (FC) scheme (an in-work income transfer programme, i.e. one which is only payable to individuals who are in work) on the labour supply of lone mothers.

It is 20 years ago this July that the committee under the chairmanship of James Meade was set up by the Institute for Fiscal Studies to take a fundamental look at the UK tax structure.