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GRANTS AND TAX RELIEFS AS INVESTMENT INCENTIVES* |
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| Authors: | A. M. Burrell G. P. Hill N. T. Williams |
| Abstract: | This paper presents and applies a methodology designed to measure the extent of the investment incentives provided to U.K. farmers by the present tax system and the capital grants currently available. We identify and examine two aspects of these incentives, viz. enhanced profitability and increased financial feasibility, and investigate their sensitivity to changes in the rate of inflation and the marginal tax rate. |
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