Reconnecting Taxation |
Common terms and phrases
19th century argument ballot benefits Britain budget California capital centralised citizens Community connections corporate tax costs covered Creative Commons crisis debate democracy Demos open access Demos This page direct democratic direct tax earmarked economic election electoral electromagnetic spectrum European example expenditure finance fiscal funding global globalisation hold referenda hypothecation immobile incentives income tax increase infrastructure insurance system investment John Kay late 18th legitimacy London marginal rates million mobile modern multinational national authorities OECD open access licence option page is covered payments political poll tax pooling problems production profits programme property taxes public spending raise redistribution referendum reform rent revenue rights reserved share shift social security subsidiarity tax bill tax collection tax havens tax rates tax regime tax system taxing and spending transfer pricing transport Treasury unemployment unitary taxation voters welfare William Beveridge
Popular passages
Page 44 - The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing".
Page 43 - Provided that (1) the profits of a married woman living with her husband shall be deemed the profits of the husband, and shall be assessed and charged in his name, and not in her name or the name of her trustee...
Page 43 - Act, a woman's income chargeable to income tax shall, so far as it is income for a year of assessment or part of a year of assessment during which she is a married woman living with her husband, be deemed for income tax purposes to be his income and not to be her income...
Page 11 - The main producers and repositories of wealth — multinational companies — have increasingly been able to adjust their accounts and the prices of their internal international transactions so that their profits are declared in low tax countries, while they continue to operate in high tax ones.
Page 51 - Mulgan, Communication and Control: Networks and the New Economies of Communication, Polity, Cambridge, UK, 1991.
Page 8 - ... their organisational structure. This structural problem is termed disconnection: the separation of the tax bill from the benefits it finances. Traditionally, taxes were largely raised for specific ends, above all for warfare. In the 18th century, war and the costs of war debts accounted for 85 per cent of state spending in Britain. The connection between tax and spending was evident to all. But with the growth in the size and complexity of the state this link was lost, principally because of...
Page 46 - Taxation and the cost of capital: the UK experience", Oxford Review of Economic Policy, 3(4).
Page 11 - Some 60 percent of the world's private banking is held in trust in offshore, unsupervised tax havens. Meanwhile, says Angell, "The disposable income for most of society will be drastically reduced.