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Tax, Medicines and the Law - From Quackery to Pharmacy (Hardcover)
Loot Price: R2,904
Discovery Miles 29 040
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Tax, Medicines and the Law - From Quackery to Pharmacy (Hardcover)
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In 1783, a stamp duty was imposed on proprietary or 'quack'
medicines. These largely useless but often dangerous remedies were
immensely popular. The tax, which lasted until 1941, was imposed to
raise revenue. It failed in its incidental regulatory purpose, had
a negative effect in that the stamp was perceived as a guarantee of
quality, and had a positive effect in encouraging disclosure of the
formula. The book explains the considerable impact the tax had on
chemists and druggists - how it led to an improvement in
professional status, but undermined it by reinforcing their
reputations as traders. The legislation imposing the tax was
complex, ambiguous and never reformed. The tax authorities had to
administer it, and executive practice came to dominate it. A minor,
specialised, low-yield tax is shown to be of real significance in
the pharmaceutical context, and of exceptional importance as a
model revealing the wider impact of tax law and administration.
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