Excess Profits Taxation and the Taxpayer

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Excess profits taxation goes hand in hand with warfare. It need not be stressed that war requires great sums of As the Marshal de Trivulce said when Louis XIV asked him what he needed to make war-Money, more money, and always money. Governments tap every available source of revenue in times of stress; what is more logical than a special levy on profits considered to be derived either directly or indirectly from the war effort.