Taxation in Britain since 1660


Book Description

The amount collected in taxation, the items which have been taxed, and the classes of people on whom the tax burden has fallen, have all changed greatly in the period from the Restoration to the present. This book considers how and why these changes took place, and some of the consequences which have flowed from them.




Taxation in Britain Since 1660


Book Description

"The total volume of taxation is certainly related largely to what the taxpayer thinks is worth paying for, and how much he or she is prepared to pay. Both of these items have changed enormously over three and a half centuries, but there is a good deal more to it than that. The growth of taxation has not been regular throughout the period. Patterns in taxation change may be discerned. In particular, wars have always resulted in taxation increases, and when the war is finished taxation never settles down to a level as low as it had been before the war began. This book seeks to understand and explain the reasons for these changing patterns, and should be of interest to the general reader, as well as the historian or economist."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved




The Origins of Taxation at Source in England


Book Description

The Origins of Taxation at Source in England examines taxation at source in England over a period of 300 years, beginning in 1512 (when the first instance of taxation at source was found) & ending in 1803 (with the income tax introduced by Henry Addington, Prime Minister & Chancellor of the Exchequer from 1801-1804). The book presents a comprehensive account of taxation at source during the above period of time and, in doing so, corrects the existing view on the origins of taxation at source in England (which holds that taxation at source was introduced by the income tax of 1803 & credits Addington with adapting ideas from old taxes). Information in the book is divided into chapters, as follows: * Chapter I - Introduction * Chapter II - The Concepts of Taxation at Source & Withholding at Source * Chapter III - Lay & Clerical Subsidies & the Annual Tenth, 1512 to 1642 * Chapter IV - Weekly & Monthly Assessments, 1642 to 1660 * Chapter V - Direct Taxation under the later Stuarts, 1660 to 1714 * Chapter VI - Direct Taxation in the 18th Century, 1714 to 1798 * Chapter VII - Income Tax, 1798 to 1803 * Chapter VIII - Conclusion The Origins of Taxation at Source in England concludes that taxation at source originated much earlier than has currently been recognized - & has been more widely used than previously known. The book demonstrates that most major forms of direct taxation during the 16th, 17th & 18th centuries contained taxation at source, & that its use increased with the passage of time. The Origins of Taxation at Source in England shows that by the time Addington introduced the income tax of 1803, the tradition of taxation at source had long been established, & that its application in the income tax was a continuation of past practice.




The Rise of Fiscal States


Book Description

Leading economic historians present a groundbreaking series of country case studies exploring the formation of fiscal states in Eurasia.




The Joy of Tax


Book Description

'A brief but crucially important book' Marcus Chown In The Joy of Tax, tax campaigner Richard Murphy challenges almost every idea you have about tax. For him, tax is fundamentally about the ideas that shape the sort of society we want to live in, not technicalities. His intention is to demonstrate that there is indeed a joy in tax, and by embracing it we can create a fairer society and change the world for the better. Tax has been a feature of human society for a very long time. Almost no one gives tax a good press even though, as Richard Murphy argues, it has been fundamental to the development of democracy the world over. Whilst we may not like tax very much, in contrast it is clear that we really do like the public services which governments provide. So much so, in fact, that for most of the last 300 years, people have been more than happy for governments to run deficits by spending more than they raise in taxation. 2008 apparently changed all that. The issues of debt, deficits, cuts and austerity have dominated the political agenda ever since. Virtually every aspect of the government's finances and how to rearrange them in the forlorn hope of balancing the books has been discussed in great detail. Despite that, there has been almost no real discussion during this period about what tax is for and how it contributes to the creation of the society we aspire to.




Excise Taxation and the Origins of Public Debt


Book Description

This book offers a wholesale reinterpretation of both the introduction of excise taxation in Great Britain in the 1640s and the genesis of the Financial Revolution of the 1690s. By analysing hitherto unpublished manuscript and print sources, D'Maris Coffman resolves divergent accounts of these constitutionally problematic but fiscally significant new taxes. Parliament's success at imposing on a deeply divided kingdom an extra-legal species of indirect taxation, which hitherto had been a constitutional anathema and a political impossibility, remains one of the most striking features of the period. A fresh reading of William Petty's Treatise on Taxes illustrates the development of an indigenous discourse in defence of the tax state. By highlighting the importance of fiscal innovation during the Civil Wars and Interregnum for the development of the fiscal state in Britain, this study challenges 'stylised facts' about the economic significance of 1688/89. The final chapter delivers new insight into why the eighteenth-century British public accepted both unprecedented levels of government borrowing and one of the heaviest tax burdens in Western Europe. Coffman reveals how a 'new financial history,' rooted in closely contextualised studies, can contribute to current debates about sustainable levels of taxation and to fundamental questions of economic theory.




History of Taxation and Taxes in England Volumes 1-4


Book Description

First published in 1965. This is four volumes in one text on Taxes and Taxation from the earliest times to the present day. The first volume looks at the history of taxation and tax in England, then Volume II the taxation period from the Civil War to the present day, volume II concerns itself with direct taxes and stamp duties; and finally Volume IV concludes with taxes on articles of consumption.




Credit and Power


Book Description

This book reveals the surprising role that credit, money created ex nihilo by financiers, played in raising the British government’s war loans between 1793 and 1815. Using often overlooked contemporary objections to the National Debt a startling paradox is revealed as it is shown how the government’s ostensible creditors had, in fact, very little "real" money to lend and were instead often reliant for their own solvency upon the very government they were lending to. By following the careers of unsuccessful loan-contractors, who went bankrupt lending to the government, to the triumphant career of the House of Rothschild; who successfully "exported" the British system of war-financing abroad with the coming of peace, the symbiotic relationship that existed between the British government and their ostensible creditors is revealed. Also highlighted is the power granted to the (technically bankrupt) Bank of England over credit and the money supply, an unprecedented and highly influential development that filled many contemporaries with horror. This is a tale of bankruptcy, stock market manipulation, bribery and institutional corruption that continues to exert its influence today and will be of interest to anyone interested in government financing, debt and the origins of modern finance.




The Tale of Tea


Book Description

The Tale of Tea presents a comprehensive history of tea from prehistoric times to the present day in a single volume, covering the fascinating social history of tea and the origins, botany and biochemistry of this singularly important cultigen.




Rebellion, Rascals, and Revenue


Book Description

An engaging and enlightening account of taxation told through lively, dramatic, and sometimes ludicrous stories drawn from around the world and across the ages Governments have always struggled to tax in ways that are effective and tolerably fair. Sometimes they fail grotesquely, as when, in 1898, the British ignited a rebellion in Sierra Leone by imposing a tax on huts—and, in repressing it, ended up burning the very huts they intended to tax. Sometimes they succeed astonishingly, as when, in eighteenth-century Britain, a cut in the tax on tea massively increased revenue. In this entertaining book, two leading authorities on taxation, Michael Keen and Joel Slemrod, provide a fascinating and informative tour through these and many other episodes in tax history, both preposterous and dramatic—from the plundering described by Herodotus and an Incan tax payable in lice to the (misremembered) Boston Tea Party and the scandals of the Panama Papers. Along the way, readers meet a colorful cast of tax rascals, and even a few tax heroes. While it is hard to fathom the inspiration behind such taxes as one on ships that tended to make them sink, Keen and Slemrod show that yesterday’s tax systems have more in common with ours than we may think. Georgian England’s window tax now seems quaint, but was an ingenious way of judging wealth unobtrusively. And Tsar Peter the Great’s tax on beards aimed to induce the nobility to shave, much like today’s carbon taxes aim to slow global warming. Rebellion, Rascals, and Revenue is a surprising and one-of-a-kind account of how history illuminates the perennial challenges and timeless principles of taxation—and how the past holds clues to solving the tax problems of today.