The Betrayed Market: the rebellion against industrial contribution in 1882
DOI:
https://doi.org/10.1344/rhi.v20i45.20788Keywords:
Industrial Contribution, Tax Reform, Competitiveness, Economic DevelopmentAbstract
At the beginning of 1882, Francisco Camacho, the finance minister or Sagasta's new liberal government, prompted a profound tax reform. It could not free itself from the defects of the tax system in force throughout the second half of the nineteenth century in Spain: it lacked neutrality and transparency, set against a backdrop of marked political intervention. It resulted in an income level failure and prolonged the duration of a tax system that damaged competitiveness and hindered Spanish economic development.Downloads
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