Re:'We Are Being Levelled Down’: Why the UK’s Wealth Gap Is ...
by traceroute66 on Sunday January 29, 2023 @07:47AM
(#34567596)
> When you think about taxation
When you think about taxation, look at the UK's tax code. Arguably one of the longest and most complex in the world.
Walk into a firm of UK accountants and ask to be shown their copy of Tolly's Tax Handbook....
You'll be led to a room with a bookshelf full of books with Orange and Yellow spines.
The "handbook" is 23,000 pages long.
Tax Avoidance is an artform in the UK.
Tax Evasion is illegal, of course, but avoidance tends to be sufficient for the majority - sufficient legal loopholes and grey-areas are provided in the tax code !
When you think about taxation, look at the UK's tax code. Arguably one of the longest and most complex in the world.
Walk into a firm of UK accountants and ask to be shown their copy of Tolly's Tax Handbook....
You'll be led to a room with a bookshelf full of books with Orange and Yellow spines.
The "handbook" is 23,000 pages long.
Tax Avoidance is an artform in the UK.
Tax Evasion is illegal, of course, but avoidance tends to be sufficient for the majority - sufficient legal loopholes and grey-areas are provided in the tax code !