Comment: PPF faces levy challenge

Jonathan Stapleton
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Jean-Baptiste Colbert - the French minister of finance under King Louis XIV - is said to have observed "the art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing".

The Pension Protection Fund seems to be facing a similar challenge - collecting as much money as possible in levy without too much protest from schemes. Yet, its annual report published last wee...

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