The Taxation of Capital (Classic Reprint) - Hardcover

Inhaltsangabe

Excerpt from The Taxation of Capital

In this atmosphere, the next year, at a time of great fiscal necessity, a tax was introduced in England, insignificant in amount, lost in a group of other new taxes, 'and so lowly rated that the records of the debates in Parliament are silent as to it. And yet if any one of the wealthy persons, by whom, or whose nominees,, Parliament was then filled, had had the constructive imagination, he might have foreseen that this tax, the forerunner of the modern British death duties, was fated to develop into one of the most potent weapons of democracy that the wit of man has ever devised.

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