Adam Smith institute’s new report argues that we should reform tax credit with a Negative Income Tax. The press release from the institute can be read here. The report is written by Michael Story.
Michael Story, ‘Free market welfare: The case for a Negative Income Tax‘ (pdf), The Adam Smith Institute.
Richard Murphy argues for an universal basic income when he analyzes the government’s tax credit cut, in the article published at the Tax Research UK homepage on 29th October 2015.
Murphy has been in favour of an universal basic income. he is also one of economic advisers for Jeremy Corbyn, the leader of Labour party. The related news in the past on our site are:
United Kingdom: Basic income supporter John McDonnell becomes shadow chancellor
