GRANTS AND TAX RELIEFS AS INVESTMENT INCENTIVES*
提出并应用一种方法，衡量英国现行税制和资本补助对农民的投资激励程度，分析其对盈利能力和财务可行性的影响，并考察通胀率和边际税率变化的敏感性。
This paper presents and applies a methodology designed to measure the extent of the investment incentives provided to U.K. farmers by the present tax system and the capital grants currently available. We identify and examine two aspects of these incentives, viz. enhanced profitability and increased financial feasibility, and investigate their sensitivity to changes in the rate of inflation and the marginal tax rate.