Hypothecated tax

The hypothecation of a tax (also known as the ring-fencing or earmarking of a tax) is the dedication of the revenue from a specific tax for a particular expenditure purpose.[1] This approach differs from the classical method according to which all government spending is done from a consolidated fund.

  1. ^ Seely, Antony (September 2011). "Hypothecated taxation". House of Commons Library Standard Note SN01480.

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