The Incidence of Business Rates: Preliminary Estimates
- 1 March 1987
- journal article
- research article
- Published by SAGE Publications in Environment and Planning C: Government and Policy
- Vol. 5 (1) , 99-103
- https://doi.org/10.1068/c050099
Abstract
There is little previous research on the effects of local rates on manufacturing industry in the United Kingdom. An outline of a post-Keynesian approach to tax incidence is presented. From data for UK manufacturing industry, 1973–1982, it is seen that business rates have not been met through the wages share of net output. The relationship between business rates and markups suggests that up to 95% of rates increases may have been paid out of profits. A more rigorous general equilibrium model is required to confirm this result.Keywords
This publication has 2 references indexed in Scilit:
- AN EMPIRICAL ANALYSIS OF THE DEGREE OF MONOPOLY THEORY OF DISTRIBUTIONBulletin of Economic Research, 1984
- EXCESS CAPACITY AND THE DEGREE OF COLLUSION: OLIGOPOLY BEHAVIOUR IN THE SLUMP *The Manchester School, 1983