51.   Again, a low wealth tax rate is suggested as a supplement to income tax.

52.   With appropriate allocation of profits from year to year the company partner could be used as a means of building up partnership capital at the more favourable tax rate.

53.   From the revenue side the solution adopted was to change both tax bases and tax rates.

54.   The rapid rise in incomes meant a substantial rise in tax revenues, despite cuts in tax rates.

55.   His authority is total and in effect the tax rate, the poundage, is a national tax, locally varied.

56.   Indeed, reductions rather than increases in tax rates were a feature of the period.

57.   The Conservatives have presented their Election manifesto with Mr. Major promising more power for the people and moves towards a lower tax rate.

58.   District council tax rates, which have yet to be set, must be added to these figures.

59.   Second, that in general this means reducing the value of allowances and broadening the tax base rather than increasing marginal tax rates.

60.   That means that tax rates on products are different in every country.