This paper examines the place of excise duties on alcohol within the British fiscal system. It argues that United Kingdom taxes are by international standards heavy on beer, even heavier on wine and very heavy on spirits. These duties on alcohol are the result of historical accident and political pressures and have little or no economic rationale.
Privatization can spread wealth and reduce budget deficits in post-communist and developing countries, say contributors to the Sixth London Conference on Privatization, including Guy de Selliers, Eduardo Modiano, Ibrahim Elwan & Ustun Sanver.
A complete guide through the theory, strategy, and record of rolling back the state in the UK - privatization, internal markets in health education, making executive agencies more independent, and the Citizen's Charter.
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The environmental challenges which we face do not require a wholesale realignment of our economies. Rather, they require an extension of the legal principles of capitalism. Property rights can be extended to presently unowned resources. Where this solution is impractical, market-mimicking policy rules (eg, effluent charges or marketable pollution permits) may be used to force polluters to take into account the social costs of their production processes. In short, the market can and should be extended to areas where it is presently absent.
Despite widespread belief to the contrary, a market economy and a clean environment are not mutually exclusive. This report, by offering market solution to market failures, will attempt to dispel this misconception and provide a sound theoretical and policy basis for market environmentalism.
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