The Betrayed Market: the rebellion against industrial contribution in 1882

Authors

  • Joan Carles Cirer Costa Escuela Universitaria de Turismo de Ibiza

DOI:

https://doi.org/10.1344/rhi.v20i45.20788

Keywords:

Industrial Contribution, Tax Reform, Competitiveness, Economic Development

Abstract

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.

Published

2017-12-21

Issue

Section

Articles