{"id":43343,"date":"2018-10-16T09:51:24","date_gmt":"2018-10-16T08:51:24","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=43343"},"modified":"2018-10-16T09:53:02","modified_gmt":"2018-10-16T08:53:02","slug":"tax-rises-bring-them-on-as-we-will-all-be-better-off","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/10\/16\/tax-rises-bring-them-on-as-we-will-all-be-better-off\/","title":{"rendered":"Tax rises? Bring them on as we will all be better off"},"content":{"rendered":"

The UK is a low tax nation. I point this out because the Institute for Fiscal Studies has said<\/a> that if we want to balance the budget and end austerity the UK will have to pay 1% more of GDP in tax. Based on Eurostat data this is how we compare in the EU on this issue:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\nTax paid\u00a0as a % of GDP<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n%<\/td>\n<\/tr>\n
1<\/td>\nDenmark<\/td>\n46.5%<\/td>\n<\/tr>\n
2<\/td>\nFrance<\/td>\n45.6%<\/td>\n<\/tr>\n
3<\/td>\nBelgium<\/td>\n45.2%<\/td>\n<\/tr>\n
4<\/td>\nFinland<\/td>\n43.9%<\/td>\n<\/tr>\n
5<\/td>\nAustria<\/td>\n43.2%<\/td>\n<\/tr>\n
6<\/td>\nSweden<\/td>\n43.1%<\/td>\n<\/tr>\n
7<\/td>\nItaly<\/td>\n43.0%<\/td>\n<\/tr>\n
8<\/td>\nHungary<\/td>\n38.8%<\/td>\n<\/tr>\n
9<\/td>\nGermany<\/td>\n38.4%<\/td>\n<\/tr>\n
10<\/td>\nNetherlands<\/td>\n37.4%<\/td>\n<\/tr>\n
11<\/td>\nLuxembourg<\/td>\n37.2%<\/td>\n<\/tr>\n
12<\/td>\nCroatia<\/td>\n37.1%<\/td>\n<\/tr>\n
13<\/td>\nSlovenia<\/td>\n36.6%<\/td>\n<\/tr>\n
14<\/td>\nGreece<\/td>\n36.6%<\/td>\n<\/tr>\n
15<\/td>\nPortugal<\/td>\n34.4%<\/td>\n<\/tr>\n
16<\/td>\nCzech Republic<\/td>\n34.0%<\/td>\n<\/tr>\n
17<\/td>\nEstonia<\/td>\n33.7%<\/td>\n<\/tr>\n
18<\/td>\nSpain<\/td>\n33.7%<\/td>\n<\/tr>\n
19<\/td>\nCyprus<\/td>\n33.2%<\/td>\n<\/tr>\n
20<\/td>\nUnited Kingdom<\/td>\n33.1%<\/td>\n<\/tr>\n
21<\/td>\nPoland<\/td>\n32.4%<\/td>\n<\/tr>\n
22<\/td>\nMalta<\/td>\n32.1%<\/td>\n<\/tr>\n
23<\/td>\nSlovak Republic<\/td>\n32.1%<\/td>\n<\/tr>\n
24<\/td>\nLatvia<\/td>\n30.1%<\/td>\n<\/tr>\n
25<\/td>\nBulgaria<\/td>\n29.1%<\/td>\n<\/tr>\n
26<\/td>\nLithuania<\/td>\n28.9%<\/td>\n<\/tr>\n
27<\/td>\nRomania<\/td>\n28.0%<\/td>\n<\/tr>\n
28<\/td>\nIreland<\/td>\n23.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

We are twentieth. And ignore Ireland: its GDP data is so distorted by being a tax haven even Walt Disney would dismiss it as incredible.<\/p>\n

We are also the slowest growing country in the EU.<\/p>\n

That is not a coincidence.<\/p>\n

Tax rises? Bring them on, I say. We will all be better off.<\/p>\n","protected":false},"excerpt":{"rendered":"

The UK is a low tax nation. I point this out because the Institute for Fiscal Studies has said that if we want to balance
Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-43343","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/43343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=43343"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/43343\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=43343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=43343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=43343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}