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nydus/Principles of Political EconomyPublic
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Table of Contents

Chapter I. On The General Principles Of Taxation.

abandoned it, and raised their revenue, some on imported articles, [pg 592] it is true (generally on those which could not be produced in England), but by the income-tax, and other forms.350

In 1842 Sir Robert Peel found 1,200 articles subject to customs-duties. He began (1) by removing all prohibitions; (2) by reducing duties on raw materials to 5 per cent or less; (3) by limiting the rates on partially manufactured goods to 12 per cent; and (4) those on wholly manufactured

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