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Adam Smith Revisited

Nigel Eastaway Senior Tax Consultant at WJB Chiltern plc gives us his personal opinion on where we are now
In 1776 Adam Smith stated in The Wealth of Nations that 'the tax which each individual is bound to pay ought to be certain and not arbitrary. The time of payment the manner of payment and the quantity to be paid ought to be clear and plain to the contributor and to every other person. Where it is otherwise every person subject to the tax is put more or less in the power of the tax gatherer … The certainty of what each individual ought to pay is in taxation a matter of so great importance that a very considerable degree of inequality it appears I believe from the...

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