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Taxation: not so taxing after all

By Kelvin Tai - Economics and Management Student @ Harris Manchester College, Oxford


Nothing is certain in life but death and taxes. I would like to address the last part of this common refrain in this article and perhaps dispel the common stereotype of taxation policy as a mundane topic. Taxation is the mechanism by which a government raises revenue and, as I will discuss later below, imposes an extra cost on certain activities.