TaxAdministrationTax credit changes undermine earlier successes

Tax credit changes undermine earlier successes

IFS report highlights problems raised by recent tax credit changes

Changes to the tax credits system have weakened work incentives, a report has
said.

A report from the Institute for Fiscal Studies, the independent think-tank,
says that changes to the system since 2003 have undermined earlier successes.

The research was produced for IFS by the Joseph Rowntree Foundation, the
FT reported.

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