This may sound like heresy to many economists, not least my former colleagues at the Treasury, but I’m coming around to the view that fiscal rules are overrated. Of course, fiscal credibility is important and must be protected. But fiscal rules are often more of a hindrance than a help. For a start, rules on … Continue reading What should we do with the fiscal rules?
Digital taxes are clearly a popular way for politicians to tap into hostility towards the tech giants. The Conservatives seem determined to press ahead with plans for a 'Digital Services Tax' (DST) and the necessary legislation is already in the latest draft Finance Bill. Labour and the Liberal Democrats would go even further. But the DST … Continue reading The Digital Services Tax is a terrible idea