News

Job vacancy: CenTax is looking to appoint a Policy Lead

CenTax is seeking an individual who has experience in policy-orientated analysis and engagement, for example via roles within government or policy-oriented research institutions. Subject to grant funding and your performance, there is the opportunity for career...

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Policy Brief: Ten Key Facts about Carried Interest

The Centre for the Analysis of Taxation (CenTax) has published a new policy brief,  Ten Key Facts about Carried Interest.
Carried interest (or “carry” for short) is one of the main forms of pay in the private equity industry. The tax treatment of carried interest is highly controversial. The paper is believed to be the first independent study on this topic. The authors provide new quantitative evidence on carry recipients using representative data, to help set high-profile anecdotes in context.

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Policy Report: Reforming the Taxation of Carried Interest: Revenue Modelling

In this new Policy Report, CenTax assesses how much revenue could realistically be raised from increasing the tax rate on carried interest. This debate has so far been distorted by a lack of quantitative evidence on key characteristics of the carry population relevant to their mobility, with public discourse instead driven exclusively by anecdotes and assertions from industry insiders. This report aims to provide a corrective based on analysis of de-identified tax data covering all individuals who received carried interest between 2017-2023.

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The Centre for the Analysis of Taxation (CenTax) is dedicated to improving public understanding of tax policy and helping to design better a better tax system, by generating evidence that is rigorous and relevant 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 Foundation