Business Taxation



We have described some of the effects of taxation on businesses in various parts of this book without actually describing the calculations and rules which have to be applied before the tax liability is ascertained. The detail has been reserved for this chapter where we examine the spectrum of taxation borne by businesses and in particular the taxes introduced in the mid-sixties. In addition to explaining how the various taxes work we also look to the reasons for their introduction, the influence on capital market operations, and how other countries’ business taxation compares with our own.


Business Taxation Investment Income Business Finance Company Taxation Inland Revenue 
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Further Reading

  1. John Chown, The Corporation Taxa Closer Look, Eaton Paper 5 (Institute of Economic Affairs 1965).Google Scholar
  2. E. E. Spicer and E. C. Pegler, Income Tax and Profits Tax, rev. K. S. Carmichael (H.F.L. 1966).Google Scholar
  3. Board of Inland Revenue, Capital Gains Tax (1966).Google Scholar
  4. Board of Inland Revenue, Corporation Tax (1966).Google Scholar
  5. Board of Trade, Investment Grants (1966).Google Scholar
  6. Central Office of Information, The British System of Taxation (1966).Google Scholar
  7. L. H. L. Cohen, ‘The Impact of the New Tax Structure on Company Finance’, The Accountant (12 Nov 1966).Google Scholar
  8. A. R. Prest, ‘The E.E.C. Value Added Tax and the U.K.’, District Bank Review (Dec 1967).Google Scholar
  9. ‘Value Added Tax’, Certified Accountants Journal (May 1966).Google Scholar

Copyright information

© K. Midgley and R. G. Burns 1969

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