In this paper we use new data to describe how firms from 15 European countries organise their innovative activities. The data matches firm level accounting data with information on the patents that those firms and their subsidiaries have applied for at the European Patents Office. We describe...

This report highlights 10 key facts about UK tax and public finance policy that will underpin the choices faced by governments in coming decades.

This report discusses the temporary full-expensing policy and whether it should be made a permanent part of the corporate tax base.

This report gives a high-level overview of tax policy across the period 2010 to 2024. An appendix summarises the main tax policy changes. There are some clear distinctions between the governments before 2019 (including the coalition government of 2010-15) and the governments from 2019. Most...

11 European countries now operate IP Box regimes that provide substantially reduced rates of corporate tax for income derived from important forms of intellectual property. We incorporate these policies into forward-looking measures of the cost of capital, effective marginal tax rates and...

In this book, we examine in detail some of the key risks to the Chancellor’s plans for reducing the deficit. We set out in detail what has been happening in the housing market and the role of government policies aimed, at least in part, at boosting homeownership. We also document what has been...

Firm-level investment paths are commonly characterised by periods of low or zero investment punctuated by large investment 'spikes'. We document that such spikes are important for understanding firm and aggregate level investment in the UK. We show that annual variation in aggregate investment...

Business owners have been the fastest-growing part of the UK labour force since at least 2000. Between 2000-01 and 2015-16, the number of employees grew by 15%, while selfemployment (including those operating as a sole trader or as a partner in a partnership) grew by 25% and the number of...