Director of The Entrepreneur’s Network writes for City AM

Director of The Entrepreneur’s Network, Philip Salter, wrote a comment piece for City AM highlighting some good news: the UK has just been ranked second in the latest Global Innovation Index.

Read the article here.

Apart from the risk of shocks from geopolitical crises, the outlook for the economy looks a whole lot brighter than it has for a long time. Friday’s UK GDP figures are the latest in a steady stream of good news, but this doesn’t need to be the only thing to brighten your Monday morning: the UK has also just been ranked second in the latest Global Innovation Index (GII), part of a comprehensive report created by Cornell University, Insead, and the World Intellectual Property Office.

The Financial Times pays tribute to John Blundell

The Financial Times quoted the ASI’s Dr Madsen Pirie in their tribute to John Blundell, former Director of the Institute of Economic Affairs and lifelong friend of the Adam Smith Institute.

Read the article here.

Sam Bowman’s Green Belt proposals are featured in The Guardian

The ASI’s Research Director’s proposal to roll back the Green Belt in London to solve the housing crisis was featured in The Guardian article: “Let’s at least talk about building on London’s greenbelt.”

Read the article here.

The right leaves it to its think tanks to make the case for setting market forces free. That’s what Sam Bowman of the Adam Smith Institute has done in a short film for BBC London. He accepts that some types of greenbelt land should continue to be protected, especially sylvan treasures the public can enjoy. But he argues that parts presently used for intensive farming should be considered for re-classification, liberating farmers to sell their fields to developers and letting laissez-faire do the rest.

ASI Senior Fellow debates corporation tax in the New York Times

The Adam Smith Institute’s Senior Fellow, Tim Worstall, was featured in the ‘Room for Debate’ section of the New York Times, arguing that corporate taxation is inefficient.

Read the article here.

Tax inversions do not change the taxation of profits made inside America one whit, not by one red cent. Under law, AbbVie, Walgreens, or any other company would still pay exactly the same amount of U.S. taxes on their profits made in the U.S. after an inversion as they were before. That part of the debate is simply a red herring.

The broader problem is the corporate income tax.