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Page 227
Of all forms of direct taxation an excess profits tax tends , perhaps , to have the most adverse effect upon incen- tive and production . Such a tax would not have been withdrawn by a Labour Government if it had not tended to have such ...
Of all forms of direct taxation an excess profits tax tends , perhaps , to have the most adverse effect upon incen- tive and production . Such a tax would not have been withdrawn by a Labour Government if it had not tended to have such ...
Page 229
It may be noted that heavy direct taxation on industry tends to add to costs and to make it more difficult for us to maintain our export markets . Indirect taxation , on the other hand , can be levied when goods are sold in the home ...
It may be noted that heavy direct taxation on industry tends to add to costs and to make it more difficult for us to maintain our export markets . Indirect taxation , on the other hand , can be levied when goods are sold in the home ...
Page 231
Instead of being subject first to profits tax , then to income tax , and finally to sur - tax , the earnings of industry could be exempted from direct taxation until distributed . Earnings distributed as wages or salaries could then be ...
Instead of being subject first to profits tax , then to income tax , and finally to sur - tax , the earnings of industry could be exempted from direct taxation until distributed . Earnings distributed as wages or salaries could then be ...
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