First published in 1919, Taxation in the New State explores the practical application of tax policy to the financial situation of post-World War I Britain. Hobson assesses policy according to the tax payer’s ability to bear the burden and draws a distinction between ‘cost’ and ‘surplus’. He proposes a number of reforms and considers the pitfalls of attempting the find required revenue using ordinary taxation in a post-war financial crisis.
Table of Contents
Preface; Part I: Principles of Tax Reform 1. Ability to Pay 2. The Taxable Surplus 3. The Shifting of Taxes 4. The Taxation of Income 5. Reforms of Income-Tax 6. Death Duties 7. Supplementary Taxes 8. Tariffs for Revenue Part II: Emergency Finance 1. Our Financial Emergency 2. A Levy on War-Made Wealth; Appendix. Taxation of War-Made Capital in Germany 3. A General Levy Upon Capital 4. Relations of Imperial to Local Taxation