The Organisation for Economic Co-operation and Development (OECD) has published a preview of its upcoming flagship publication ‘Taxing Wages 2012’ this week showing that families face a greater tax wedge than single people. The international study reveals that the tax wedge on one-earner UK families with two children on the OECD average wage, has, between [...]
On Wednesday, the Chancellor of the Exchequer, George Osborne MP, delivered the fourth Budget of the Coalition Government. There had been indications that the Government might not use this Budget to introduce transferable allowances for married couples. However, it is astonishing to find that the Government has in fact made things far worse for one-earner [...]
How the Budget really affects families – An analysis for CARE by independent fiscal policy consultants The Budget contained two proposals which directly affect the take-home pay of families. One was the fulfilment of the promise in the Coalition Agreement to introduce the £10,000 personal allowance. The other was the proposal to introduce a tax [...]
Research finds: Tax burden on UK one-earner married families for 2011 was 42 per cent greater at average wage than for the OECD as a whole Coalition Government must act on its pledge within the Coalition Agreement to recognise marriage in the tax system through the introduction of a transferable allowance New research, launched today [...]
New research finds: UK Marginal Effective Tax Rate (METR)[1] levels on both one-earner couple families and lone parent families are the highest in the developed world Point at which many UK families pay income tax is lower, in real terms, than it was in 1990 Tax burden on one-earner married families for 2011 was 42 [...]
CARE is very pleased that the Government has committed to recognise marriage in the tax system through a transferable allowance. The commitment was made in the Conservative manifesto and then embraced by the Coalition Agreement. Although the Coalition Agreement pertains to the period 2010 to 2015, and transferable allowances could be implemented at any time [...]
Social policy charity CARE has today expressed its disappointment in yesterday’s Budget. The Budget provided the Government with the opportunity to recognise marriage in the tax system, to make our fiscal arrangements more sensitive to family responsibility and help those on low to modest incomes. The transferable allowance for married couples promised in the 2010 [...]
UK tax system tightens the screw on ‘squeezed middle’, warns major new report from social policy charity CARE is publishing its fifth annual review by independent consultants of the taxation of families – The taxation of families 2010/11. This is one of the most comprehensive reviews of the tax burden on families that anyone has [...]
CARE has today released an important new report in response to the speech made by Liberal Democrat leader Nick Clegg this morning in which he criticised the Coalition Agreement commitment to recognise marriage in the tax system. In his speech, Mr Clegg placed great emphasis on fairness and developing a progressive politics. As CARE’s report [...]
Thursday 1st December saw the launch of the Joseph Rowntree Foundation’s (JRF) report on poverty, entitled ‘Monitoring poverty and social exclusion’. The report looks comprehensively at poverty in the UK, analysing many important social factors and spans many different policy areas, from tax and benefits to housing. To my mind, all these factors have something [...]