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Death and taxes: Estate duty – a neglected factor in changes to British business structure after World War two.
- Source :
- Business History; Jan2023, Vol. 65 Issue 1, p187-209, 23p, 4 Charts
- Publication Year :
- 2023
-
Abstract
- This paper will examine Estate Duty(ED) and its impact on the structure of smaller British businesses. ED was one of the most controversial and wide-ranging taxes ever imposed in the UK. It was the first substantive tax on capital. It was partly responsible for the reconfiguration of British business in the 1940s- 1950s as businesses sought to avoid the Duty with measures which could result in the loss of a family firm to the 'corporate economy'. Examining this phenomenon adds a hitherto unexplored dimension to the arguments of business historians surrounding the structure of British business and its relative performance after World War II. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00076791
- Volume :
- 65
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Business History
- Publication Type :
- Academic Journal
- Accession number :
- 161179370
- Full Text :
- https://doi.org/10.1080/00076791.2021.1892642