The War Debt, and How to Meet It

Download or read book The War Debt, and How to Meet It written by J. E. Allen and published by Forgotten Books. This book was released on 2018-01-14 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The War Debt, and How to Meet It: With an Examination of the Proposed Capital The Effects of the War on Credit, Currency and Finance, and of the later sub-committee on Income Tax Reform. But the views expressed here must not be taken as being those of either Committee, though I believe that the Committees, and indeed all econ omists, are agreed in deploring the financial methods adopted by the Government in the first year of the war. The after-war burden of taxation must be heavy, but it need not be intolerable if, the revenue required is raised by, an equitable system of direct taxation, tie. A reformed Income Tax, and not 'by devices which hamper trade or production. I submit a rough plan for the reform of the Income Tax, designed to make it yield about two-thirds of the revenue needed in a Peace Budget. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.