Consequences
Furniss v. Dawson has had far-reaching consequences. It applies not only to capital gains tax but to all forms of direct taxation. It also applies in some of the jurisdictions where decisions of the English courts have precedential value.
Read more about this topic: Furniss V Dawson
Famous quotes containing the word consequences:
“There is not much that even the most socially responsible scientists can do as individuals, or even as a group, about the social consequences of their activities.”
—Eric J. Hobsbawm (b. 1917)
“Resistance is feasible even for those who are not heroes by nature, and it is an obligation, I believe, for those who fear the consequences and detest the reality of the attempt to impose American hegemony.”
—Noam Chomsky (b. 1928)
“There are more consequences to a shipwreck than the underwriters notice.”
—Henry David Thoreau (1817–1862)