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Economics focus: Can we ever be a low-tax economy?

There are many issues I could tackle this month including the tax affairs of Jimmy Carr Take That and large parts of the British entertainment industry. Or there is the crisis that keeps on giving the ongoing woes in the Eurozone. There is also the running story of whether the government’s strategy is on course and whether getting the budget deficit down is only being achieved at the expense of recovery.

In the short run all these things matter for the recovery and for the coalition’s political survival. But there is also a long run as far as the health of the economy is concerned. And I know that readers of Tax Journal are interested in the long-term state of...

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