Costly Inputs: Unraveling Sales Tax’s Impact on Businesses

Taxes

Temporary Full Expensing Arrives in the UK

The UK’s adoption of full expensing is a welcome step that may generate short-run economic benefits. However, for the reform to have a meaningful effect on the UK’s international competitiveness and long-run economic performance, it must be made permanent—which the British government has said it hopes to do.

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