A prelude to radical reformExecutive summaryThere are many reasons for aligning the main rate of corporation tax with the basic rate of income tax (currently 20 per cent). Any one of these reasons alone would be sufficient to justify reform. Together they make an overwhelming case:The tax bias...

An estimate of the public spending cuts required to tackle the UK's budget deficitIn the 31st IEA Current Controversies paper, Philip Booth examines the scale of the public spending cuts required to tackle the UK’s budget deficit.Professor Booth argues that a government committed to a free...