"Nothing like it since Mein Kampf" ran a headline in the Financial Times of December 15. The article, by Harold \Jincott, editor of Investors Chronicle was not about South Africa as one might have expected (ifincott visited that country last month and had a lot to say about the economic achievements of South Africa), WNo,he was referring to the proposed corporation tax, and laid the blame for this tax on one Nicholas Kaldor. The article was in the form of an ‘open letter' to Mr. Callaghan, and the Chancellor replied to it in the columns of the paper two days later, He castigated Wincott for attacking Kaldor, explaining that as a civil servant,'as Mr. Wincott must know! he could not reply. There was further correspondence next day; apart from two letters from academics all the writers supported Wincott. It seems that certain sections of the City would like t8°Kaldor removed.
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