Abstract
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.
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Further Reading
John Chown, The Corporation Tax — a Closer Look, Eaton Paper 5 (Institute of Economic Affairs 1965).
E. E. Spicer and E. C. Pegler, Income Tax and Profits Tax, rev. K. S. Carmichael (H.F.L. 1966).
Board of Inland Revenue, Capital Gains Tax (1966).
Board of Inland Revenue, Corporation Tax (1966).
Board of Trade, Investment Grants (1966).
Central Office of Information, The British System of Taxation (1966).
L. H. L. Cohen, ‘The Impact of the New Tax Structure on Company Finance’, The Accountant (12 Nov 1966).
A. R. Prest, ‘The E.E.C. Value Added Tax and the U.K.’, District Bank Review (Dec 1967).
‘Value Added Tax’, Certified Accountants Journal (May 1966).
Copyright information
© 1969 K. Midgley and R. G. Burns
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Midgley, K., Burns, R.G. (1969). Business Taxation. In: Business Finance & the Capital Market. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15309-1_13
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DOI: https://doi.org/10.1007/978-1-349-15309-1_13
Publisher Name: Palgrave Macmillan, London
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