Browsing The Economic and Social Review, Vol. 07, No. 1, 1975 by Subject "Tax"
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Built-in flexibility of taxation and stability when tax liabilities respond with a time lag
(Economic & Social StudiesDublin, 1975)Given tax rates, tax revenues rise as income rises. This property of a tax system is known as 'built-in flexibility of taxation' and it is widely regarded as a stabilising force. The present paper analyses a model in which ...