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Page 227
Of all forms of direct taxation an excess profits tax tends , perhaps , to have the
most adverse effect upon incentive and production . Such a tax would not have
been withdrawn by a Labour Government if it had not tended to have such an
effect .
Of all forms of direct taxation an excess profits tax tends , perhaps , to have the
most adverse effect upon incentive and production . Such a tax would not have
been withdrawn by a Labour Government if it had not tended to have such an
effect .
Page 229
It may be noted that heavy direct taxation on industry tends to add to costs and to
make it more difficult for us to maintain our export markets . Indirect taxation , on
the other hand , can be levied when goods are sold in the home market , but not ...
It may be noted that heavy direct taxation on industry tends to add to costs and to
make it more difficult for us to maintain our export markets . Indirect taxation , on
the other hand , can be levied when goods are sold in the home market , but not ...
Page 231
Instead of being subject first to profits tax , then to income tax , and finally to sur -
tax , the earnings of industry could be exempted from direct taxation until
distributed . Earnings distributed as wages or salaries could then be subject to an
...
Instead of being subject first to profits tax , then to income tax , and finally to sur -
tax , the earnings of industry could be exempted from direct taxation until
distributed . Earnings distributed as wages or salaries could then be subject to an
...
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