Abstract
Successive governments have attempted to conceal from the public the true nature of national insurance payments, which in 1979/1980 are expected to
exceed £19,000m. Though termed 'contributions' , implying their payment is
voluntary, for employees they are a form of income tax; for employers they are a form of corporate tax. This brief paper will explore the effects of national insurance on the wider economy and consider alternative taxation models.
exceed £19,000m. Though termed 'contributions' , implying their payment is
voluntary, for employees they are a form of income tax; for employers they are a form of corporate tax. This brief paper will explore the effects of national insurance on the wider economy and consider alternative taxation models.
| Original language | English |
|---|---|
| Pages (from-to) | 25-26 |
| Number of pages | 2 |
| Journal | Quarterly Economic Commentary |
| Volume | 7 |
| Issue number | 1 |
| Publication status | Published - Jul 1981 |
Keywords
- UK economic growth
- economic conditions
- global economic performance
- deflation
