Monthly archive

September 2008 - Page 2

IS INFLATION-ADJUSTED TAX SYSTEM FEASIBLE?

September 25, 2008
Inflation greatly distorts the tax system not only relating to direct taxes such as income-tax, wealth tax, gift tax, estate duty, etc., but other taxes as well. First, there is distortion in the traditional measures of the tax base, that is, the income or wealth concepts to which the tax
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