Sally Yarrow

Capital Gains Tax hike led to falling revenues

Written by | Tuesday 26 February 2013

The Adam Smith Institute is calling on the government today to slash CGT rates in next month’s Budget in order to boost revenue and economic growth. 2010-11 figures now released by HM Revenue & Customs (HMRC)  show that the rise in Capital Gains Tax (CGT) was a failure. Meant to raise more revenue, in fact it raised less.

CGT was raised from 18% to 28% for most taxpayers (entrepreneurs’ relief stayed at 10%) in June 2010, nearly three months deep into the tax year. This unusual timing allows economists to see the impact of the rate changes during the year.

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Internet freedoms are under threat – politicians must act

Written by | Thursday 21 February 2013

Today the Adam Smith Institute is calling on the government to commit to a ‘Digital Freedom Charter’ ahead of the Communications Bill. The charter should set out principles to protect competition, innovation and growth in and around digital communications and the Internet.

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It's time to end big government's grip on our prisons

Written by | Friday 8 February 2013

Ben Gummer MP has an interesting article in the Daily Telegraph today calling for reform in the UK’s prison system. We have twice as many men and women incarcerated in England and Wales as there were in the mid-1990s. In short, our prisons aren’t working. Spending on prisons has continued to rise to close to £4bn, while reoffending rates have stayed the same.

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