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.
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