This conference volume deals with the question of what the economic
impact of a shift in federal taxation toward greater use of
indirect taxes would be with respect to the rate of saving and
investment, personal effort, the balance of payments, and the
efficiency of resource use. A major focus therefore is on the
economic growth and balance-of-payments aspects which have been
most emphasized in recent proposals for substitution of a sales tax
or a value-added tax for part of the existing income tax.
Originally published in 1964. The Princeton Legacy Library uses the
latest print-on-demand technology to again make available
previously out-of-print books from the distinguished backlist of
Princeton University Press. These editions preserve the original
texts of these important books while presenting them in durable
paperback and hardcover editions. The goal of the Princeton Legacy
Library is to vastly increase access to the rich scholarly heritage
found in the thousands of books published by Princeton University
Press since its founding in 1905.
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