Tax, Medicines and the Law: From Quackery to Pharmacy - Image 1

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Cambridge University Press Tax, Medicines and the Law: From Quackery to Pharmacy

Name: Tax, Medicines and the Law: From Quackery to Pharmacy
Brand: Cambridge University Press
Price: 70.81 GBP
Availability: InStock

Business & Economic History

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Description

In 1783, a stamp duty was imposed on proprietary or 'quack' medicines. These largely useless but often dangerous remedies were immensely popular. The tax, which lasted until 1941, was imposed to raise revenue. It failed in its incidental regulatory purpose, had a negative effect in that the stamp was perceived as a guarantee of quality, and had a positive effect in encouraging disclosure of the formula. The book explains the considerable impact the tax had on chemists and druggists - how it led to an improvement in professional status, but undermined it by reinforcing their reputations as traders. The legislation imposing the tax was complex, ambiguous and never reformed. The tax authorities had to administer it, and executive practice came to dominate it. A minor, specialised, low-yield tax is shown to be of real significance in the pharmaceutical context, and of exceptional importance as a model revealing the wider impact of tax law and administration.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 1107025451
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 26 October 2017
Listed Since: 23 April 2017

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Cambridge University Press Tax, Medicines and the Law: From Quackery to Pharmacy

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