The taxman follows you into your local pub

Economists often try to explain that the cost of a tax is not simply the sum of money we hand over to the exchequer. Almost all taxes cause distortions by interfering with our behaviour, and although less visible, that is often the more substantial part of the cost of a tax.

Read the full blog post here

Source: http://www.iea.org.uk/blog/the-taxman-follows-you-your-local-pub

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