"Taxes only go one way and that is up. The Hong Kong Experience has demonstrated that the only way taxes should go is down."
Required: critically discuss the statement above with reference to
(a) Adam smith's principles of a good taxation system
(b) the uk tax system in the last 30 years.
i. you should discuss at least 4 TAXES.
(c) the Hong Kong experience since the 1950's..
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