Comment
October 2024
Tuesday
29
29 October 2024
Blog:
Inheritance tax needs reform both for fairness and efficiency
Chancellor Rachel Reeves is expected to announce inheritance tax reforms in the October Budget as a way of raising funds and closing the fiscal “black hole”. James Forrester argues that inheritance tax is ripe for reform given that the many tax reliefs mean that only a fraction of estates that qualify for inheritance tax end up paying the current tax rate of 40 per cent, with some paying as little as 4 per cent.
Sunday
27
27 October 2024
Opinion:
Landlord NI to closing loopholes: How Reeves can raise cash without taxing workers
With the Budget just days away, a tax expert reveals five things he would change if he was Rachel Reeves
Dr Arun Advani contributed this opinion piece to the i paper.
Wednesday
23
23 October 2024
Blog:
The UK’s Capital Gains Tax system needs reforming – here’s how
The current system for Capital Gains Tax (CGT) is unfair and inefficient from an economic lens. Given this, Arun Advani, Andrew Lonsdale (pictured, right) and Andy Summers set out a blueprint for CGT reform: one that would raise an estimated £14bn per year while leaving most CGT payers better off and incentivising growth-oriented entrepreneurship.
Friday
4
Comment | CenTax4 October 2024
Opinion:
What kind of tax reforms would stimulate growth?
There’s no silver bullet, but serious reforms to the tax system could raise revenues and stimulate private investment.
Dr Arun Advani writes for the New Statesman on the same theme as the CenTax/New Statesman Labour Conference fringe event.
March 2024
Monday
4
7 March 2024
Opinion:
Five ways kleptocrats can keep hold of their UK assets
Politicians’ promises to rid Britain of ‘dirty money’ in the aftermath of Russia’s invasion of Ukraine haven’t come to fruition
Dr Arun Advani contributed this opinion column to The Guardian on the loopholes in the Register of Overseas Entities.
February 2024
Wednesday
14
14 February 2024
Blog:
Too little, too late: Why we need to rethink inheritance tax
Inheritances are set to become much larger – relative to their receivers’ overall incomes – in the coming decades. Arun Advani and David Sturrock consider what this means for social mobility. They argue that the current inheritance tax regime does little to reduce the transmission of wealth gaps (between the rich and the poor) from one generation to the next.
December 2023
Thursday
7
7 December 2023
Blog:
How overseas territories are being used to bypass UK transparency rules
Currently, there are multiple routes to avoid publicly declaring ownership of UK land available to those who would rather not do so. Arun Advani, César Poux (pictured, right), and Andy Summers discuss the flaws in the present system for registering such ownership, and set out measures that could partly address this lack of transparency..
January 2023
Friday
20
20 January 2023
Blog:
Non-doms are not fleeing tax hikes
Recent HMRC statistics show a fall in the number of non-domiciled residents (non-doms) in the UK—people living in the country who benefit from generous tax exemptions on their foreign assets and investment returns. The number has fallen not because non-doms have left, but because they stopped claiming, write Arun Advani and David Burgherr (pictured, right). Misinterpretation of these statistics, and of the policy more generally, risks leaving the UK with a policy that is costly, unfair, and bad for growth.
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The Centre for the Analysis of Taxation (CenTax) is a new centre dedicated to advancing knowledge and understanding of taxation, and making the evidence-informed case for reform to policymakers and the public. CenTax is led by Dr Arun Advani (Warwick) and Dr Andy Summers (LSE). CenTax is supported by core funding from the abrdn Financial Fairness Trust and Thirty Percy.