Fiscal Policy – Page 12 – Free Marketeer

Global Minimum Corporate Tax. A good idea?

At the time of writing, 130 countries have backed a global minimum corporate tax rate of 15% – designed to discourage multinational corporations from purposefully redistributing profits and thus manipulating their tax returns in the process. The aim is to increase tax revenues, by taxing corporations regardless of where their sales are made. However, theContinue reading “Global Minimum Corporate Tax. A good idea?”

Foreign aid

The economics of foreign aid spending has been contentious for a long time. Last November, the government declared that overseas aid spending would be 0.5% of national revenue in 2021, a 29% reduction from the stipulated 0.7%, enshrined into law in 2015. Although UK assistance spending as a percentage of national revenue will remain highContinue reading “Foreign aid”