ABSTRACT
In the two preceding chapters we have discussed the principles and objectives which should underlie a country's tax structure. In this and the following chapter we describe and analyse in the light of these principles two important aspects of the present structure of direct taxes in the United Kingdom. In the present chapter we analyse the extent to which income or expenditure constitutes in fact the effective base for direct taxation in this country. In the following chapter we consider the structure of effective marginal and average rates of direct taxation in this country. There are, in our opinion, in both of these respects some major anomalies in the present UK structure of direct taxation.
