Should we tax beards?
Tax /GDP ratio is partly a function of the year. In a good year, interpreted as a year in which growth is good, it touched 12% of GDP, almost 6% direct and the rest indirect. The direct part is divided into a shade over 2% for personal income tax and a shade below 4% for corporation tax. The indirect part consists of customs, excise and service tax. There are bits of the direct part connected with expenditure, wealth, gift and estate duty, but those aren’t quantitatively significant.
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