How can tax design better deliver tax policy?
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In this special Insights In Focus episode, we discuss the changes to tax architecture and design that may strengthen the UK’s national bargain as economic turbulence continues.   The national bargain – the broad agreement that taxation is a fair exchange for the provision of public services – has fluctuated over time. Most recently, polling by YouGov found the prevailing attitude among the British public is one of fiscal tightening. However, following unprecedented financial support during the pandemic and cost-of-living crisis, the tax burden is set to continue rising until 2027/28.   That leaves the government with a difficult conundrum: how can it meet people’s expectations around fiscal policy while paying down its debt at a time of slow economic growth?   To explore the best use of tax architecture and design, host Bronwen Maddox is joined by Bill Dodwell, Tax Director at the Office of Tax Simplification; Helen Miller, Deputy Director at the Institute for Fiscal Studies; and Martin Wheatcroft, ICAEW adviser and Fellow.   Links ICAEW Insights Special: The future of tax and public spending: https://www.icaew.com/insights/insights-specials/the-future-of-tax-and-public-spending ICAEW Tax Faculty: https://www.icaew.com/technical/tax/tax-facultyICAEW: Can tax policy help the UK achieve net zero?: https://www.icaew.com/technical/tax/tax-faculty/taxline/archive/taxline/taxline-2022/march-2022/can-tax-policy-help-the-uk-achieve-net-zeroICAEW: Taxation of housing: https://www.icaew.com/technical/tax/tax-faculty/taxline/archive/taxline/taxline-2022/october-2022/taxation-of-housingICAEW: Taxing top incomes: design issues and challenges beyond politics: https://www.icaew.com/technical/tax/tax-faculty/taxline/2023/articles/taxing-top-incomes-design-issues-and-challenges-beyond-politics  Host Bronwen Maddox, CEO, Chatham House   Guests Bill Dodwell, Tax Director, Office of Tax SimplificationHelen Miller, Deputy Director, Institute for Fiscal StudiesMartin Wheatcroft, adviser and Fellow, ICAEW  Producer Natalie Chisholm   Episode first published: 16 June 2023 Podcast recorded: 12 June 2023
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