Abstract
In general, taxes are levied to cut down demand for goods and services by the private sector of the economy (households, private firms) so that resources are available for the Government’s purposes without creating inflation.
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Sources and References
Selective Employment Tax in the Distributive Trades a leaflet published by the E.D.C. for the distributive trades in 1967.
R. Goode, ‘Income Tax and the Supply of Labour’, Journal of Political Economy (Oct 1949) .
C. T. Sandford, Economics of Public Finance (Oxford, 1969) chap. io, ‘The Distribution of Income and Capital in the U.K.’.
A. Seldon, Taxation and Welfare (Institute of Economic Affairs, 1967 ).
C. V. Brown, ‘Misconceptions about Income Tax and Incentives’, Scottish Journal of Political Economy (Feb 1968).
Copyright information
© 1970 C. T. Sandford and M. S. Bradbury
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Sandford, C.T. (1970). Taxation. In: Economic Policy. Case Studies in Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15733-4_11
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DOI: https://doi.org/10.1007/978-1-349-15733-4_11
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