ABSTRACT

This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book attempts to show that criticisms are largely justified and they follow inevitably from structure of tax and benefits that has been adopted. Piecemeal adaptation of the system has been ruled out as a solution, since this has resulted in the past in yet more anomalies and complexities in the system. The Report of the Royal Commission on Taxation of Canada emphasized that their proposals should be considered as part of a package deal and that to select some of their proposals and reject others would probably wreck the intentions of their proposals. Income tax changes would probably still remain the chief method of affecting consumption expenditures. Society in Britain is fortunate in having reached a stage where it can afford to think, not only in terms of growth, but also in terms of quality of life of its citizens.