ASI Fellow Preston Byrne quoted in Business Insider

Adam Smith Institute Fellow, Preston Byrne, was quoted in Business Insider talking about the value of bitcoin.

Read the article here.

"According to Preston Byrne, a securitization attorney in London the answer to this is “that the value of bitcoin used in a colored coin transaction does not need to bear any relationship to the value of the associated asset – the network is being used to transmit information, and that information represents rights, and is the rights – not the token – which are valuable.”  If the price of bitcoin does not adequately incentivize the miners, then there will be a difference between value of a bitcoin and the network and then some entity will have to step in to compensate for that difference.  Whether collective action is sufficient to provide this compensation is currently unknown but there are coordination problems inherent in this model that would make this difficult."

Dr Eamonn Butler speaks on LBC about Tax Freedom Day

Director of the Adam Smith Institute, Dr Eamonn Butler, speaks to LBC radio about Tax Freedom Day.

Listen to the interview here.

Tax Freedom Day 2014 featured in The Sun

The Sun's Tom Newton Dunn wrote a second feature on Tax Freedom Day 2014.

Read the article here.

Sam Bowman writes for City AM

Research Director of the Adam Smith Institute, Sam Bowman, wrote a comment piece for City AM on Google's new driverless cars.

Read the article here.

Kate Andrews writes for Conservative Home on Tax Freedom Day

Communications Manager, Kate Andrews, writes for Conservative Home on Tax Freedom Day.

Read the article here.

The Adam Smith Institute has calculated that Tax Freedom Day 2014 falls on 28th May. Learn more about Tax Freedom Day.

Sam Bowman writes for IBTimes on Tax Freedom Day

Research Director of the Adam Smith Institute, Sam Bowman, wrote a comment piece for the International Business Times on Tax Freedom Day.

Read the article here.

The Adam Smith Institute has calculated that Tax Freedom Day 2014 falls on 28th May.

Tax Freedom Day 2014 featured in the Independent

The Adam Smith Institute has calculated that Tax Freedom Day 2014 falls on 28th May.

Read the Independent's article on Tax Freedom day here.

"According to the free market think tank the Adam Smith Institute, today is "Tax Freedom Day" for the UK – the date on which the average person has paid their share of tax and is now effectively working for themselves.

But the Treasury used the occasion to point out that in an independent Scotland, taxpayers would have to wait until 13 June to reach the same point."

UK Treasury sites ASI's Tax Freedom Day calculations in press release

The UK Treasury has used the Adam Smith Institute's Tax Freedom Day calculations to predict when an independent Scotland would experience Tax Freedom Day.

Read the press release here.

Tax Freedom Day 2014 featured in The Daily Mail

The Adam Smith Institute has calculated that Tax Freedom Day 2014 falls on 28th May.

Read The Daily Mail's feature on Tax Freedom Day below:

Taxing time in UK

"TODAY is Tax Freedom Day, when millions across Britain stop working for the Government and start working for themselves, according to the Adam Smith Institute.

"The think tank has calculated how much tax the country pays, including VAT and national insurance, as a proportion of the national income - a rate that currently stands at 41.09 p.c.

"This means Tax Freedom Day falls this year on May 28 - three days earlier than last year.

"Adam Smith director Dr Eamonn Butler said: 'It is still outrageous that the average person in Britain has to work nearly five months of every year soley to pay taxes."

Tax Freedom Day 2014 featured in The Sun

The Adam Smith Institute has calculated that Tax Freedom Day 2014 falls on 28th May.

Read The Sun's featured, which orignally appeared on p. 2 of the daily newspaper, on Tax Freedom Day below.

Tax-Free Cheers

"Britain celebrates Tax Freedom Day today -- when workers have paid off their state tax burden and can start earning for themselves.

"The annual event falls three days earlier than last year, a small sign the Coalition is starting to claw back the state's jumbo tax haul, now £648bn. But Dr Eamonn Butler of the Adam Smith Institute, which calculates the day, said it was "outrageous" people had to work "nearly five months soley to pay taxes". He added: "Are we getting five months' worth of value from our bloated government sector?"