With the passing of the Finance Act of 1979 the new system of Petroleum Revenue Tax (PRT) became law.
27 March 1980
The main purpose of CTT is the equitable one of continuing the slow process of reducing the inequality of wealth.
27 March 1980
Since coming to office the present government has been involved in implementing its economic philosophy, which sees the future growth and development of the UK economy dependent upon the elimination of inflation, the re-establishment of economic incentives, the return of many activities to the market place and a reduction in the public sector's involvement in economic and social affairs.
27 March 1980
Some recent attention has been given to the so called 'Laffer Curve'.
27 March 1980
Professor Townsend's monumental study of poverty in the United Kingdom has been long awaited. It is based on a specially commissioned household survey and the results are meticulously documented.
27 March 1980
Nearly all food prices in Europe are now determined, not by market forces, but by the operation of the Common Agricultural Policy.
27 March 1980
There were two principal elements to the June 1979 budget. One was the very substantial reductions which were made in the higher rates of income tax.
27 November 1979
This is that, when inflation reaches anything like 10 percent p.a., it becomes essential to find ways of measuring companies' real profits and that it is these 'real' profits (however defined) which should form the basis of such matters as pricing policy, dividend distributions, and taxation.
27 November 1979
One of the original, if unstated, objectives of the Housing Finance Review initiated in 1975 was to provide a systematic comparison of the distribution of housing subsidies across categories of households differentiated by tenure and other characteristics.
27 November 1979
A few years ago it looked as if the North Sea tax system, like other aspects of UK oil policy, might succumb to that national weakness of ours known as 'adversary politics'.
27 November 1979
There is now a compelling case for reforming British budgetary practice.
27 November 1979
In July, the research staff of the Institute for Fiscal Studies produced an index, the Gross Earnings Deflator (GED), which was designed to show how much, on average, the gross earnings of the working population need to increase to compensate them for changes in inflation and the tax system. The government's new Taxes and Prices Index (TPI), first published in August, is similar in intention and construction
27 November 1979
1 January 1978