Who among the following has suggested tax on expenditure?
(A) Dalton
(B) Kaldor
(C) Musgrave
(D) Gautam Mathur
Question Asked : SSC Tax Assistant (Income Tax & Central Excise) Exam 2005
Explanation : Nicholas Kaldor's seminal work, titled 'An Expenditure Tax,' was brought out in 1955. Kaldor asked to, levy a tax on 'a person's expenditure (coneumptton), instead of on his income. When expenditure is made the basis of taxation, the problems created by the non-comparability of various types of accruals of wealth resolve themselves. This was his major argument in favour of an expenditure tax.
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