The British Income Tax: How Should we Alter it?

This chapter focuses on three or four main variables in our community, and examines the reaction of any given alteration in the rate of structure of the Income Tax on each of these variables, when the corresponding increase (or reduction) in public expenditure is taken into account. It discusses the effect of raising or lowering the British Income Tax, and of altering the tax structure, on each of these variables. Before discussing the alterations which might with advantage be made in the British Income Tax, it seems appropriate to describe the tax as it exists at the present day. The chapter indicates a factor on which the size of the country's national income will itself depend, apart from any attempts to distribute it more equitably. Great Britain was fortunately placed at the beginning of the Crimean War, the Boer War and the Great War.