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  • Fiscal policy

Click to read the article below and then answer the questions:

The case for taxing the rich more

  • Briefly outline Adam Smith’s ‘canons of taxation.’

  • Draw and explain the Laffer curve.

  • Less than a decade ago, the UK had a 50% top rate of income tax. Evaluate the case for the reintroduction of a similar rate.

Gavin Clarke, Emmanuel College

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