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from import duties and direct taxes upon their incomes and wealth. Since total tax revenues depended on rates of tax levied … upon the volume of goods and services assessed to tax, economic forces which affected private expenditures in general, or … the demand and supply for taxed goods in particular, influenced the level of Exchequer receipts. Most tax revenue came …
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cash demands of the tax system. ‘Natural’ commerce and Smithian growth scarcely existed, since there was no surplus after …
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. This is modified by using tax data to allocate non-wage income across regions. The results suggest that the coefficient of …
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adjusted. Thisadjustment consists of designing the income tax schedule that, given the expenditurepolicy, achieves consensus … among the population. The model determines theconsensus income tax schedule, the composition of public expenditure and the …-rich bias in public expenditure, and positively ornegatively related to the marginal income tax, depending on substitutability …
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The analysis in the Report of the Pensions Commission (UK Pensions Commission2004, henceforth referred to as the Report), is sound, the data a wonderful treasure trove, thepresentation particularly clear, and the diagnosis correct. This comment takes the Report’sanalysis as given, and sets out...
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This paper analyses three options for financing higher education:• Tax funding, as proposed by the Liberal Democrats … and, more recently, the Tories.• Tax funding plus upfront charges, as at present.• Tax funding plus deferred charges, as …
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system, tax reliefs, and women. Agulnik’s analysis ofthe redistributive effects of the State Second Pension (SSP) shows that … Stakeholder pensions. While there are good reasons forthe proposed £3,600 limit to tax relief on contributions, the retention …
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