Companies, inflation and taxation: comment

James Meade

Fiscal Studies, 1980, vol. 1, issue 2, 13-16

Abstract: The case which Mr Richardson makes for the general adoption of some effective form of inflation accounting for business purposes is unanswerable. Investment decisions, dividend policies, price fixing, wage bargaining-all of these can be very seriously distorted when the calculation of the return on capital takes no account of the need to maintain the real rather than the money value of the concern's productive assets. It is greatly to be welcomed that the Governor of the Bank of England should lend his great authority to the case for a speedy adoption of this reform of business accounting.

Date: 1980
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ifs:fistud:v:1:y:1980:i:2:p:13-16

Ordering information: This journal article can be ordered from
The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE

Access Statistics for this article

More articles in Fiscal Studies from Institute for Fiscal Studies The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE. Contact information at EDIRC.
Bibliographic data for series maintained by Emma Hyman ().