Titlebook: Economics of the Public Sector; D. I. Trotman-Dickenson Textbook 1996Latest edition D.I. Trotman-Dickenson 1996 fiscal policy.public finan

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Public Expenditure in Practice: The British Experiencein its modern form, was first introduced. The landmarks are associated with political, social and economic events such as the following: (a) . In the late eighteenth century and for the greater part of the nineteenth century public expenditure was largely of an administrative and judicial nature and

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Taxes on Profitsuced in the UK as a war measure and then became a permanent feature of the tax system. The earliest legislation relating to a limitation of profits was the . It contained provisions for a new distinct tax on profits that was to be additional to income tax on businesses. The tax was imposed partly to

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Taxes on Capitalent reports and in legislation, capital and wealth are often used as synonymous terms. Wealth, as Figure 10.1 shows, can take a variety of forms all of which have been, or are, subject to capital taxes, with the exception of social capital which represents investment by the state. Its citizens own s

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Reform of the Tax System, Expenditure Tax and the Meade Report; The European Dimensionundermined any coherent philosophy that the tax system may have had. (ii) Attempts to close tax loopholes and to make taxes more equitable by means of exemptions and allowances have created inconsistencies and anomalies. (iii) Inflation has intensified these anomalies. (iv) Interaction of the variou

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