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:
“We are still barely conscious of how harmful it is to treat children in a degrading manner. Treating them with respect and recognizing the consequences of their being humiliated are by no means intellectual matters; otherwise, their importance would long since have been generally recognized.”
—Alice Miller (20th century)
“War is thus divine in itself, since it is a law of the world. War is divine through its consequences of a supernatural nature which are as much general as particular.... War is divine in the mysterious glory that surrounds it and in the no less inexplicable attraction that draws us to it.... War is divine by the manner in which it breaks out.”
—Joseph De Maistre (1753–1821)
“Cultivate the habit of thinking ahead, and of anticipating the necessary and immediate consequences of all your actions.... Likewise in your pleasures, ask yourself what such and such an amusement leads to, as it is essential to have an objective in everything you do. Any pastime that contributes nothing to bodily strength or to mental alertness is a totally ridiculous, not to say, idiotic, pleasure.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)