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Tax hikes in the last five years have raised an extra £16.4billion a year, equivalent of around £255 for every person in the UK. A new study by the Institute for Fiscal Studies found that by 2015-16, will have imposed tax rises worth £64.3 billion while tax cuts have totalled only £48billion. The figures come ahead of George Osborne's final Budget before the election, with Labour warning they lay bare the full extent of the government's failure to fix the economy. Chancellor George Osborne, pictured today, is expected to use his Budget on Wednesday to announce a nother increase in the personal tax allowance. Tax rises introduced since 2010 include a £14 billion hike in VAT and a £5.2 billion increase in National Insurance contributions. At the same time the tax reductions of 48 billion include £8 billion from raising the personal threshold for income tax, £5.9 billion in cuts to corporation tax and £3.9 billion from real-terms reductions in fuel duties. However, the IFS said the changes were a 'missed opportunity to improve the tax system', because they had been introduced in a piecemeal way with little attempt to address 'fundamental structural deficiencies'. Several of the changes have exacerbated 'unwelcome distortions' in the system, said the IFS. It was difficult to find a 'good economic reason' for lifting ever-more lower-paid workers out of income tax while leaving National Insurance thresholds largely untouched, and it was an 'absurdity' that the two taxes had not been integrated. Mr Osborne is expected to use Wednesday's Budget to announce another big rise in the personal tax allowance. Deputy PM Nick Clegg said: ‘The main thing the government can do is just take less of your money away from you. ‘I very much want to give the biggest possible Workers’ Bonus to millions of people on middle and low incomes.' The  study by the Institute for Fiscal Studies found that by 2015-16, will have imposed tax rises worth £64.3 billion while tax cuts have totalled only £48billion. The IFS highlighted the 'problematic' failure to uprate tax thresholds in line with inflation, and warned of a 'rapid' increase in workers paying higher rates of income tax as the economy improves. Unless the phenomenon known as 'fiscal drag' is dealt with, the number of families losing some or all of their child benefit will double within a decade, the report predicted. The report also warned that council tax had been allowed to get 'ever more out of date', with bands in England and Scotland based on property prices in 1991. And it said that areas such as fuel duties and business rates had 'seen a stream of ad hoc, often temporary, announcements overtaking each other without a clear statement of principles or long-run intentions'. Labour's shadow chancellor Ed Balls said the Tory idea that cutting taxes for a few at the top means wealth will trickle down to everyone else hasn’t worked. Authors Stuart Adam and Barra Roantree said: 'There is a better way to make tax policy. The corporate tax road map was a good start, setting out a direction of travel and providing an element of predictability. The next government would be well advised to apply this approach to more elements of the tax system, and indeed to the tax system as a whole. 'That would help taxpayers to plan, provide a benchmark for assessing the policies actually implemented, and facilitate debate on whether the strategy laid out is the right one. Taking the time to articulate a strategy might even lead to the adoption of better tax policy.' Labour's shadow chancellor Ed Balls told the Standard: 'The old Tory idea that cutting taxes for a few at the top means wealth will trickle down to everyone else hasn’t worked. And once again, a Tory Chancellor is giving with one hand but taking away much more with the other. 'No pre-election tax cut can mask the £1,127 a year which the Institute for Fiscal Studies (IFS) says families have lost because of tax and benefit changes since 2010 — from higher VAT to cuts to tax credits.'
By 2015-16 coalition will have imposed tax rises worth £64.3 billion.
At the same time tax cuts will have saved the country only £48billion.
Institute for Fiscal Studies slams 'missed opportunity' to improve system.
George Osborne expected to announce more tax cuts in Budget next week.
Skriv höjdpunkter för denna artikel: Skattehöjningar under de senaste fem åren har höjt en extra £16,4 miljarder per år, motsvarande cirka £ 255 för varje person i Storbritannien. En ny studie av Institutet för finanspolitiska studier fann att 2015-16, kommer att ha infört skattehöjningar värda £ 64,3 miljarder medan skattesänkningar har totalt bara £ 48 miljarder. Siffrorna kommer före George Osbornes slutliga budget före valet, med Labourvarningen blottade de hela omfattningen av regeringens misslyckande med att fixa ekonomin. Kansler George Osborne, bildad idag, förväntas använda sin budget på onsdag för att tillkännage en mindre ökning av den personliga skatteersättningen. Skattehöjningar som införts sedan 2010 inkluderar en höjning av momsen med 14 miljarder pund och en ökning av de nationella försäkringsavgifterna med 5,2 miljarder pund. Samtidigt inkluderar skattesänkningarna på 48 miljarder pund 8 miljarder från att höja den personliga tröskeln för inkomstskatt, £ 5,9 miljarder i nedskärningar till bolagsskatt och £ 3,9 miljarder från real-termer sänkningar av bränsleavgifter. IFS sade dock att förändringarna var en ”missad möjlighet att förbättra skattesystemet”, eftersom de hade införts på ett styckevis sätt utan att man hade försökt ta itu med ”grundläggande strukturella brister”. Flera av förändringarna har förvärrat ”ovälkomna snedvridningar” i systemet, sade IFS. Det var svårt att finna en "god ekonomisk anledning" till att lyfta allt fler lågavlönade arbetstagare från inkomstskatten samtidigt som man lämnade nationella försäkringströsklar i stort sett orörda, och det var en "absurditet" att de två skatterna inte hade integrerats. Mr Osborne förväntas använda onsdagens budget för att tillkännage ytterligare en stor ökning av den personliga skatteersättningen. Vice premiärminister Nick Clegg sade: “Det viktigaste regeringen kan göra är bara att ta mindre av dina pengar från dig. ”Jag vill verkligen ge den största möjliga arbetarbonusen till miljontals människor på medel- och låginkomstnivå.” Studien av Institutet för skattestudier fann att 2015-16, kommer att ha infört skattehöjningar värda £ 64,3 miljarder medan skattesänkningar har totalt bara £ 48 miljarder. IFS betonade det ”problematiska” misslyckandet med att höja skattetrösklarna i linje med inflationen och varnade för en ”snabb” ökning av de arbetstagare som betalar högre inkomstskatter när ekonomin förbättras. Om man inte tar itu med fenomenet ”skattesläp” kommer antalet familjer som förlorar en del av eller hela sin barnbidrag att fördubblas inom ett decennium, förutspås det i rapporten. I rapporten varnades också för att rådskatten hade tillåtits att bli "allt mer inaktuell", med band i England och Skottland baserade på fastighetspriser 1991. Och det sades att områden som bränsleavgifter och företagsskattesatser hade "sett en ström av ad hoc, ofta tillfälliga, tillkännagivanden som gick om varandra utan en tydlig principförklaring eller långsiktiga avsikter". Labours skuggkansler Ed Balls sade att Tory-idén att sänka skatterna för några få i toppen innebär att rikedomen kommer att sippra ner till alla andra har inte fungerat. Författarna Stuart Adam och Barra Roantree sade: "Det finns ett bättre sätt att föra skattepolitik. Vägkartan över bolagsskatten var en bra början, som fastställde färdriktningen och gav en viss förutsägbarhet. Nästa regering bör tillämpa detta tillvägagångssätt på fler delar av skattesystemet, och till och med på skattesystemet som helhet. ”Det skulle hjälpa skattebetalarna att planera, ge ett riktmärke för att bedöma den politik som faktiskt genomförts och underlätta debatten om huruvida den strategi som har lagts fram är den rätta. Att ta sig tid att formulera en strategi kan till och med leda till att en bättre skattepolitik antas." Labours skuggkansler Ed Balls sade till Standarden: "Den gamla Tory-idén om att skattesänkningar för några få i toppen innebär att rikedomen kommer att sippra ner till alla andra har inte fungerat. Och än en gång ger en torykansler med ena handen men tar bort mycket mer med den andra. "Ingen skattesänkning kan dölja de 1,127 pund om året som Institutet för skattestudier (IFS) säger att familjer har förlorat på grund av skatte- och bidragsförändringar sedan 2010 - från högre moms till nedskärningar till skattekrediter. "
Write highlights for this article: Tax increases over the past five years have raised an extra £16,4 billion per year, equivalent to about £255 for every person in the UK. A new study by the Institute of Fiscal Studies found that in 2015-16, will have introduced tax increases worth £64.3 billion while tax cuts have a total of just £48 billion. The figures come ahead of George Osborne's final budget prior to the election, with the Labour warning they exposed the entire extent of the government's failure to fix the economy. Chancellor George Osborne, formed today, is expected to use his budget on Wednesday to announce a minor increase in personal tax compensation. Tax increases introduced since 2010 include an increase in VAT by GBP 14 billion and an increase in national insurance contributions by GBP 5.2 billion. At the same time, the £48 billion tax cuts include £8 billion from raising the personal threshold of income tax, £5.9 billion in cuts to corporate tax and £3.9 billion from real-term reductions in fuel charges. However, the IFS said that the changes were a ‘missing opportunity to improve the tax system’, as they had been introduced in a piecemeal way without trying to address ‘fundamental structural deficiencies’. Several of the changes have exacerbated “unwelcome distortions” in the system, IFS said. It was difficult to find a "good economic reason" for lifting more and more low-paid workers from income tax while leaving national insurance thresholds largely untouched, and it was an "absurdity" that the two taxes had not been integrated. Mr. Osborne is expected to use Wednesday's budget to announce another major increase in personal tax compensation. Deputy Prime Minister Nick Clegg said: “The most important thing the government can do is just take less of your money from you. “I really want to give the greatest possible worker bonus to millions of people at the middle and low income level.” The study of the Institute of Tax Studies found that in 2015-16, will have introduced tax increases worth £64.3 billion while tax cuts have a total of just £48 billion. The IFS underlined the ‘problematic’ failure to raise tax thresholds in line with inflation and warned against a ‘fast’ increase in workers paying higher income taxes as the economy improves. If the phenomenon of ‘tax toll’ is not addressed, the number of families losing part or all of their child benefit will double within a decade, the report predicts. The report also warned that the council tax had been allowed to become "increasingly out of date", with ties in England and Scotland based on property prices in 1991. And it was said that areas such as fuel charges and corporate tax rates had "seen a stream of ad hoc, often temporary, announcements that went over each other without a clear declaration of principle or long-term intentions". Labour shadow Chancellor Ed Balls said that the Tory idea of lowering taxes for a few at the top means that wealth will seep down to everyone else has not worked. Writers Stuart Adam and Barra Roantree said, "There is a better way to pursue fiscal policy. The road map of corporate tax was a good start, which determined the direction of travel and provided some predictability. The next government should apply this approach to more parts of the tax system, and even to the tax system as a whole. "It would help taxpayers to plan, provide a benchmark to assess the policies actually implemented and facilitate the debate on whether the strategy put forward is the right one. Taking the time to formulate a strategy can even lead to the adoption of a better tax policy." Labour shadow Chancellor Ed Balls said to the Standard: "The old Tory idea that tax cuts for a few at the top mean wealth will seep down to everyone else has not worked. And once again, a Tory Chancellor gives with one hand but removes much more with the other. "No tax cut can hide the £1,127 a year that the Institute for Tax Studies (IFS) says families have lost due to tax and benefit changes since 2010 - from higher VAT to cuts to tax credits."
År 2015-16 koalition kommer att ha infört skattehöjningar till ett värde av £ 64,3 miljarder. Samtidigt kommer skattesänkningar att ha räddat landet endast £48 miljarder. Institutet för skattestudier slår igen ”missed opportunity” för att förbättra systemet. George Osborne förväntade sig fler skattesänkningar i budgeten nästa vecka.
By 2015-16 coalition will have introduced tax increases worth £64.3 billion. At the same time, tax cuts will have saved the country only £48 billion. The Institute for Tax Studies shuts down “missed opportunity” to improve the system. George Osborne expected more tax cuts in the budget next week.