Tax transparency: some moral and economic considerations

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Price transparency and visibility are vital components of consumer protection in fair markets: laws and regulations protect consumers’ rights by requiring businesses to ensure their prices are visible and transparent. This is especially important when people purchase complex financial products. However, when it comes to tax, the term ‘tax transparency’ has come to signify exclusively the transparency of taxpayers’ financial affairs (referring to initiatives such as cross–national exchange of tax–related information by tax authorities), while transparency of the tax burden borne by individuals themselves receives little attention. Most people are not aware of the total amount of tax they pay and studies show that they under-estimate the amount of tax they pay substantially.

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Government debt – a vacuum in Catholic social thought?

Until Debt tear us apart

The UK government has borrowed huge amounts of money to try to deal with the covid-19 crisis. Catholic social teaching and thought discusses the question of personal debt and poor-country government debt a great deal but, oddly, there is no systematic treatment of government debt more generally. Yet there are several ways in which government borrowing might be thought problematic. This post will deal with just one aspect of the problem – distributive justice.

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