Finances of the Monarchy
A research briefing on the Finances of the Monarchy, including the Sovereign Grant, Duchies of Lancaster and Cornwall and tax arrangements for members of the Royal Family.
The American economist James Tobin first made the suggestion for a tax on currency transactions to dissuade short term currency speculation in the 1970s. Recently the idea of a more general 'Tobin-like' tax on financial transactions has been discussed, in the wake of the global financial crisis, and the desire to recover the considerable costs of public bailouts given to this sector. This note gives some historical background to the issue, while a second note (SN06184) looks at recent developments.
The Tobin tax : earlier debates (143 KB , PDF)
The Tobin tax : earlier debates (143 KB , PDF)
A research briefing on the Finances of the Monarchy, including the Sovereign Grant, Duchies of Lancaster and Cornwall and tax arrangements for members of the Royal Family.
This briefing looks at the UK's fiscal targets and wider policy for managing the public finances.
The creative industries tax reliefs allow companies involved in the production of several artistic outputs to reduce their corporation tax liability. The first one was the film tax relief, and it was introduced in 2007.