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- W3194352737 abstract "Abstract At various stages in this book it has been illustrated how inflation uncertainty, which rises with the level of inflation itself, can seriously distort the direction of investment flows. Non-indexation of the taxation of savings causes monetary assets to be taxed at increasingly onerous rates as inflation rises, seriously aggravating these distortions. In the USA and Britain, governments have failed to index the taxation of saving despite inflation rates that have run well into double digits. Non-indexation has been a disincentive to the assumption of business risk. The wealth and power of tax-exempt institutions — pension funds and insurance companies — have been increased. Such distortions and redistributions were not planned. No politician in the mid-1960s drew up a war-plan, whereby an escalation of inflation was to stunt private savings and risk investment and to increase the power of the investment institutions. Yet no government has attempted seriously to attack the source of these developments." @default.
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- W3194352737 date "1982-01-01" @default.
- W3194352737 modified "2023-09-27" @default.
- W3194352737 title "Indexing the Taxation of Saving" @default.
- W3194352737 hasPublicationYear "1982" @default.
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