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OBJECTIVES AND METHODS OF INDEXATION
B Why Have Countries Indexed?
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allowances and bands April argument Arthur Seldon Australia average tax rates avoidance and evasion bands and allowances bargaining Britain British Budget Cabinet capital gains cent COLIN CLARK combination of inflation conventional indexation cost countries decisions dependent allowances developed economies discretionary effects of inflation employment F. A. HAYEK finance government sector growth HMSO Hobart Paper implications incomes policy increase in real increase in tax increased government expenditure increased tax indirect taxation inflation and progressive inflationary macro-economic marginal tax rates ment MILTON FRIEDMAN monetary money incomes money supply OECD Personal Income Tax personal tax indexation price index private sector Professor progressive tax public expenditure public sector rate of inflation real gross income real income real take-home pay real tax rates real value real width reduce result Richard Jackman scheme stabilisation stabilisation policy stagflation subsidies tax increases tax liabilities tax revenues tax schedule taxable income bands tend wage retaliation