TaxCorporate TaxIFS: Osborne should make tax cuts to avoid recession

IFS: Osborne should make tax cuts to avoid recession

Institute for Fiscal Studies suggests tax cuts vital to avoid threat of recession

THE CHANCELLOR should make emergency tax cuts to avoid recession the Institute for Fiscal Studies has suggested.

Cuts to National Insurance or VAT could be cut by up to £20bn to stop a recession The Daily Telegraph reports.

The IFS warns that the continued crisis in the eurozone may push economic growth down this year and in 2013.

Chancellor George Osborne (pictured) will deliver his budget on March 21 and is under pressure to unveil tax cuts to revive the economy.

Related Articles

'Innocent' companies will be hit by tough HMRC anti-fraud powers

Corporate Tax 'Innocent' companies will be hit by tough HMRC anti-fraud powers

1y Stephanie Wix, Writer
Building company director banned for 7 years for VAT under-declaration

Corporate Tax Building company director banned for 7 years for VAT under-declaration

1y Richard Crump, Writer
Berkshire motor business VAT fraudsters sentenced

Corporate Tax Berkshire motor business VAT fraudsters sentenced

1y Richard Crump, Writer
The growth and challenges of digital sales taxes globally

Corporate Tax The growth and challenges of digital sales taxes globally

1y Editorial comment
CIoT urges government to rethink VAT approach to online traders

Corporate Tax CIoT urges government to rethink VAT approach to online traders

1y Richard Crump, Writer
Post-Brexit Britain ‘open for business’ as Osborne to slash corporate tax rate

Corporate Tax Post-Brexit Britain ‘open for business’ as Osborne to slash corporate tax rate

1y Fraser Simpson, Reporter
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter
HMRC calls for extra time in Spot the Ball legal battle

Corporate Tax HMRC calls for extra time in Spot the Ball legal battle

2y Fraser Simpson, Reporter