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Hypothecated tax
| Part of a series on |
| Taxation |
|---|
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| An aspect of fiscal policy |
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.
- ^ Seely, Antony (September 2011). "Hypothecated taxation". House of Commons Library Standard Note SN01480.
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