Public finances, in both theory and practice, do not stand still, and much has changed since the first appearance of this text. Consumption has emerged as a rival to income in defining the base of personel taxation. Growing attention has been given in tax theory to deadweight loss and to effects upon growth, while the distribution of the tax burden has come to be of less concern.
Public finances, in both theory and practice, do not stand still, and much has changed since the first appearance of this text. Consumption has emerged as a rival to income in defining the base of personel taxation. Growing attention has been given in tax theory to deadweight loss and to effects upon growth, while the distribution of the tax burden has come to be of less concern.