Talking of PPE my son is about to enter a school economics essay competition. The question is what taxes are good taxes?
Initial thoughts duties and other taxes designed to discourage self-destructive behaviours. Taxes which discourage excessive speculation perhaps. More arguably taxes designed to improve the Gini coefficient if you believe that increases societal stability. Possibly taxes which allow society to share in development gains that it has created or facilitated. Generally Colbert's goose may get a mention.
Any more out there suggestions?
Economically, taxes which don't create large tax wedges and discourage economic activity. All taxes incentivise reduction of the supply of what they're taxing - which is why taxes on land tend to be the less distorting (they've already stopped making it). The OECD did an empirical investigation on which taxes most and least affect economic activity here: http://www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=eco/wkp(2008)51&doclanguage=en
Short summary: profit taxes most reduce growth (economically, profit and growth can be near synonyms, so that's not surprising), then income taxes. Consumption taxes (eg VAT) have a significantly less effect and taxes on immovable land have the least negative effect (some designs of Land Value Tax - ie if based on the unimproved value of the land) have the near-unique property of increasing economic activity (if you're being taxed the same amount whether or not you've put something valuable on it, you may as well put something valuable on it and get the benefit). A financial transactions tax has the opposite extreme effect of being able to reduce the economic activity by more than the amount it gathers in tax, due to reducing the amount of transactions in the economy.
Just had an email from regulatory consultant explaining that BSI (British Standards) will become Dutch. As such their audits will comply with Dutch law and allow us to issue CE marks as before. The only question we don't know is if the UK Government will now accept that control of the medical devices sold in the UK is under the Dutch.
British Airways continues with the carrier planning to launch no-frills “basic economy” fares on its long-haul flights. The cheaper tickets, which do not include checked luggage or seat selection.
Talking of PPE my son is about to enter a school economics essay competition. The question is what taxes are good taxes?
Initial thoughts duties and other taxes designed to discourage self-destructive behaviours. Taxes which discourage excessive speculation perhaps. More arguably taxes designed to improve the Gini coefficient if you believe that increases societal stability. Possibly taxes which allow society to share in development gains that it has created or facilitated. Generally Colbert's goose may get a mention.
Any more out there suggestions?
Economically, taxes which don't create large tax wedges and discourage economic activity. All taxes incentivise reduction of the supply of what they're taxing - which is why taxes on land tend to be the less distorting (they've already stopped making it). The OECD did an empirical investigation on which taxes most and least affect economic activity here: http://www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=eco/wkp(2008)51&doclanguage=en
Short summary: profit taxes most reduce growth (economically, profit and growth can be near synonyms, so that's not surprising), then income taxes. Consumption taxes (eg VAT) have a significantly less effect and taxes on immovable land have the least negative effect (some designs of Land Value Tax - ie if based on the unimproved value of the land) have the near-unique property of increasing economic activity (if you're being taxed the same amount whether or not you've put something valuable on it, you may as well put something valuable on it and get the benefit). A financial transactions tax has the opposite extreme effect of being able to reduce the economic activity by more than the amount it gathers in tax, due to reducing the amount of transactions in the economy.
Just had an email from regulatory consultant explaining that BSI (British Standards) will become Dutch. As such their audits will comply with Dutch law and allow us to issue CE marks as before. The only question we don't know is if the UK Government will now accept that control of the medical devices sold in the UK is under the Dutch.
Just had an email from regulatory consultant explaining that BSI (British Standards) will become Dutch. As such their audits will comply with Dutch law and allow us to issue CE marks as before. The only question we don't know is if the UK Government will now accept that control of the medical devices sold in the UK is under the Dutch.
BSI will retain our significant UK-based Notified Body and fully expects that it will be able to continue providing this service as NB 0086 under the UK regime agreed with the EU.
Just had an email from regulatory consultant explaining that BSI (British Standards) will become Dutch. As such their audits will comply with Dutch law and allow us to issue CE marks as before. The only question we don't know is if the UK Government will now accept that control of the medical devices sold in the UK is under the Dutch.
A quick look on the BSI website suggests that isn't quite the case. A quick read sounds that they have taken the same approach the banks have, setup a HQ in Holland as well as the UK.
"BSI will retain our significant UK-based Notified Body and fully expects that it will be able to continue providing this service as NB 0086 under the UK regime agreed with the EU."
Just had an email from regulatory consultant explaining that BSI (British Standards) will become Dutch. As such their audits will comply with Dutch law and allow us to issue CE marks as before. The only question we don't know is if the UK Government will now accept that control of the medical devices sold in the UK is under the Dutch.
All British standards will become based on a country a third of the size. Sure.
Just had an email from regulatory consultant explaining that BSI (British Standards) will become Dutch. As such their audits will comply with Dutch law and allow us to issue CE marks as before. The only question we don't know is if the UK Government will now accept that control of the medical devices sold in the UK is under the Dutch.
BSI will retain our significant UK-based Notified Body and fully expects that it will be able to continue providing this service as NB 0086 under the UK regime agreed with the EU.
Just had an email from regulatory consultant explaining that BSI (British Standards) will become Dutch. As such their audits will comply with Dutch law and allow us to issue CE marks as before. The only question we don't know is if the UK Government will now accept that control of the medical devices sold in the UK is under the Dutch.
All British standards will become based on a country a third of the size. Sure.
BSI’s role as an EU Notified Body will not change following the recent UK decision to leave the EU. While the UK Government sets out the arrangements for its withdrawal from the EU, we will be working closely with the Medicines and Healthcare Products Regulatory Agency (MHRA) and Department of Health to ensure continuity of our full scope designation as a Notified Body for Medical Devices.
Talking of PPE my son is about to enter a school economics essay competition. The question is what taxes are good taxes?
Initial thoughts duties and other taxes designed to discourage self-destructive behaviours. Taxes which discourage excessive speculation perhaps. More arguably taxes designed to improve the Gini coefficient if you believe that increases societal stability. Possibly taxes which allow society to share in development gains that it has created or facilitated. Generally Colbert's goose may get a mention.
Any more out there suggestions?
Economically, taxes which don't create large tax wedges and discourage economic activity. All taxes incentivise reduction of the supply of what they're taxing - which is why taxes on land tend to be the less distorting (they've already stopped making it). The OECD did an empirical investigation on which taxes most and least affect economic activity here: http://www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=eco/wkp(2008)51&doclanguage=en
Short summary: profit taxes most reduce growth (economically, profit and growth can be near synonyms, so that's not surprising), then income taxes. Consumption taxes (eg VAT) have a significantly less effect and taxes on immovable land have the least negative effect (some designs of Land Value Tax - ie if based on the unimproved value of the land) have the near-unique property of increasing economic activity (if you're being taxed the same amount whether or not you've put something valuable on it, you may as well put something valuable on it and get the benefit). A financial transactions tax has the opposite extreme effect of being able to reduce the economic activity by more than the amount it gathers in tax, due to reducing the amount of transactions in the economy.
The best taxes are those in which the distortion is good. Taxes on pollution, fixed odds betting machines, fixed resource use, addictive drugs etc.
Talking of PPE my son is about to enter a school economics essay competition. The question is what taxes are good taxes?
Initial thoughts duties and other taxes designed to discourage self-destructive behaviours. Taxes which discourage excessive speculation perhaps. More arguably taxes designed to improve the Gini coefficient if you believe that increases societal stability. Possibly taxes which allow society to share in development gains that it has created or facilitated. Generally Colbert's goose may get a mention.
Any more out there suggestions?
I’d start with defining what is a good tax and work from there
Something that is simple, easy/cheap to collect, hard to avoid, and non economically distorting.
You can then compare various types of tax (income, capital, wealth, employment, sales etc) against those before zeroing in on more specific taxes
From memory VAT comes pretty high up the spectrum of “good taxes”
In my mind if you start talking about Gino coefficiencies you are mixing social policy and revenue - a “good tax” shouldn’t be about whether it achieves a specific political objective (which some might disagree with) but should be something that can objectively measured
Talking of PPE my son is about to enter a school economics essay competition. The question is what taxes are good taxes?
Initial thoughts duties and other taxes designed to discourage self-destructive behaviours. Taxes which discourage excessive speculation perhaps. More arguably taxes designed to improve the Gini coefficient if you believe that increases societal stability. Possibly taxes which allow society to share in development gains that it has created or facilitated. Generally Colbert's goose may get a mention.
Any more out there suggestions?
Work out the world you want to see, then work out how to get there.
There's not point trying to lower the GINI co-efficient unless you think the current one is too high.
If you think smoking is great, why discourage it - or to use a more difficult example, alcohol: is current consumption too high? If yes, why did we scrap the escalator, but if no, why tax it at all?
I always liked the goose quote: the art of taxation is to extract the most feathers with the least hissing
Curious. May's Brexit policy less clear than Corbyn's but more realistic, less disapproved and less likely to drive people away from her party. Maybe she's onto something.....
Talking of PPE my son is about to enter a school economics essay competition. The question is what taxes are good taxes?
Initial thoughts duties and other taxes designed to discourage self-destructive behaviours. Taxes which discourage excessive speculation perhaps. More arguably taxes designed to improve the Gini coefficient if you believe that increases societal stability. Possibly taxes which allow society to share in development gains that it has created or facilitated. Generally Colbert's goose may get a mention.
Any more out there suggestions?
Economically, taxes which don't create large tax wedges and discourage economic activity. All taxes incentivise reduction of the supply of what they're taxing - which is why taxes on land tend to be the less distorting (they've already stopped making it). The OECD did an empirical investigation on which taxes most and least affect economic activity here: http://www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=eco/wkp(2008)51&doclanguage=en
Short summary: profit taxes most reduce growth (economically, profit and growth can be near synonyms, so that's not surprising), then income taxes. Consumption taxes (eg VAT) have a significantly less effect and taxes on immovable land have the least negative effect (some designs of Land Value Tax - ie if based on the unimproved value of the land) have the near-unique property of increasing economic activity (if you're being taxed the same amount whether or not you've put something valuable on it, you may as well put something valuable on it and get the benefit). A financial transactions tax has the opposite extreme effect of being able to reduce the economic activity by more than the amount it gathers in tax, due to reducing the amount of transactions in the economy.
Bad link. Can you try again?
For some reason the latter part of the link gets missed out, but you can get it by pasting this into the search address: www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=eco/wkp(2008)51&doclanguage=en
Curious. May's Brexit policy less clear than Corbyn's but more realistic, less disapproved and less likely to drive people away from her party. Maybe she's onto something.....
Actually the poll doesn't quite say that her policy is less clear; the Guardian write-up is a bit misleading. The question asked whether: "Theresa May's/Jeremy Corbyn's policy on Brexit is much clearer than it was before". So perhaps people thought Theresa May's policy was already clear?
Just had an email from regulatory consultant explaining that BSI (British Standards) will become Dutch. As such their audits will comply with Dutch law and allow us to issue CE marks as before. The only question we don't know is if the UK Government will now accept that control of the medical devices sold in the UK is under the Dutch.
All British standards will become based on a country a third of the size. Sure.
BSI’s role as an EU Notified Body will not change following the recent UK decision to leave the EU. While the UK Government sets out the arrangements for its withdrawal from the EU, we will be working closely with the Medicines and Healthcare Products Regulatory Agency (MHRA) and Department of Health to ensure continuity of our full scope designation as a Notified Body for Medical Devices.
Talking of PPE my son is about to enter a school economics essay competition. The question is what taxes are good taxes?
Initial thoughts duties and other taxes designed to discourage self-destructive behaviours. Taxes which discourage excessive speculation perhaps. More arguably taxes designed to improve the Gini coefficient if you believe that increases societal stability. Possibly taxes which allow society to share in development gains that it has created or facilitated. Generally Colbert's goose may get a mention.
Any more out there suggestions?
I’d start with defining what is a good tax and work from there
Something that is simple, easy/cheap to collect, hard to avoid, and non economically distorting.
You can then compare various types of tax (income, capital, wealth, employment, sales etc) against those before zeroing in on more specific taxes
From memory VAT comes pretty high up the spectrum of “good taxes”
In terms of ease of collection/difficulty of avoiding, land/property would first, then essential local consumption (VAT/Fuel duty), people (basic incomes) and finance last of all unfortunately.
Talking of PPE my son is about to enter a school economics essay competition. The question is what taxes are good taxes?
Initial thoughts duties and other taxes designed to discourage self-destructive behaviours. Taxes which discourage excessive speculation perhaps. More arguably taxes designed to improve the Gini coefficient if you believe that increases societal stability. Possibly taxes which allow society to share in development gains that it has created or facilitated. Generally Colbert's goose may get a mention.
Any more out there suggestions?
Economically, taxes which don't create large tax wedges and discourage economic activity. All taxes incentivise reduction of the supply of what they're taxing - which is why taxes on land tend to be the less distorting (they've already stopped making it). The OECD did an empirical investigation on which taxes most and least affect economic activity here: http://www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=eco/wkp(2008)51&doclanguage=en
Short summary: profit taxes most reduce growth (economically, profit and growth can be near synonyms, so that's not surprising), then income taxes. Consumption taxes (eg VAT) have a significantly less effect and taxes on immovable land have the least negative effect (some designs of Land Value Tax - ie if based on the unimproved value of the land) have the near-unique property of increasing economic activity (if you're being taxed the same amount whether or not you've put something valuable on it, you may as well put something valuable on it and get the benefit). A financial transactions tax has the opposite extreme effect of being able to reduce the economic activity by more than the amount it gathers in tax, due to reducing the amount of transactions in the economy.
Sounds like business leaders and senior Republicans are trying to get Trump to understand that a global trade war is going to cost a lot of American jobs. Good luck to them!
Comments
A boycot could well happen, especially if there’s violence around the Russian election or intelligence that suggests the teams or fans won’t be safe.
Short summary: profit taxes most reduce growth (economically, profit and growth can be near synonyms, so that's not surprising), then income taxes. Consumption taxes (eg VAT) have a significantly less effect and taxes on immovable land have the least negative effect (some designs of Land Value Tax - ie if based on the unimproved value of the land) have the near-unique property of increasing economic activity (if you're being taxed the same amount whether or not you've put something valuable on it, you may as well put something valuable on it and get the benefit).
A financial transactions tax has the opposite extreme effect of being able to reduce the economic activity by more than the amount it gathers in tax, due to reducing the amount of transactions in the economy.
Of course if their respective performances matched Engerlund v Russki thugs, it'd be a case of they think it's all over, it is now.
https://www.telegraph.co.uk/travel/comment/british-airways-is-going-budget-on-long-haul-flights/
Take Back Control...https://www.bsigroup.com/en-IL/Medical-Devices/News-centre/Enews/2017-Enews/BSI-opening-a-second-EU-Notified-Body-based-in-the-Netherlands/
"BSI will retain our significant UK-based Notified Body and fully expects that it will be able to continue providing this service as NB 0086 under the UK regime agreed with the EU."
[I'm sure they will be fine, but there remains some doubt]
https://www.bsigroup.com/en-IL/medical-devices/news-centre/enews/2016-enews/eu-referendum/
https://www.theguardian.com/politics/blog/live/2018/mar/06/brexit-david-davis-eu-scrutiny-committee-eu-firms-more-worried-about-protecting-single-market-than-maintaining-trade-with-uk-says-barnier-aide-politics-live
Charts here:
https://interactive.guim.co.uk/charts/embed/mar/2018-03-06T12:54:56/embed.html
https://interactive.guim.co.uk/charts/embed/mar/2018-03-06T11:54:12/embed.html
Something that is simple, easy/cheap to collect, hard to avoid, and non economically distorting.
You can then compare various types of tax (income, capital, wealth, employment, sales etc) against those before zeroing in on more specific taxes
From memory VAT comes pretty high up the spectrum of “good taxes”
In my mind if you start talking about Gino coefficiencies you are mixing social policy and revenue - a “good tax” shouldn’t be about whether it achieves a specific political objective (which some might disagree with) but should be something that can objectively measured
www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=eco/wkp(2008)51&doclanguage=en
https://yougov.co.uk/news/2018/03/06/how-young-are-young-people-and-what-age-does-perso/
Conservative 43% (+1)
Labour 42% (-1)
Lib Dems 7% (no change)
Greens 3% (+1)
Ukip 2% (-1)
Is this a modern record for two-party VI at 85%?
That is the public line. The reality is that BSI is telling its customers it is moving and don't worry