Tuesday, Nov 25, 2008
GB new tax avoidance scheme
BBC News: Cable derides 'fig leaf' tax cuts
or how to minimise your tax liability.
Posted by fjcruiser @ 09:54 PM (369 views) Add Comment
4 Comments
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1. renting2 said...
This VAT cut is purely designed to give HMG the licence to increase taxes (see VAT to 18% below) as soon as they can and then say that it's to pay for all the 'help' they gave. The amount given will be negligible to the future amount stolen back!
2. greytornado said...
If you want to do some legit tax avoidance and keep your money safe, why not do as Gordon Brown suggests & spend some money, but spend it on gold bullion coins. There is no VAT chargeable at all on gold coins. (There is on silver) Also if you stick to British coins post 1873, amazingly there is no capital gains tax at all. Krugerrands and other foreign gold coins are however classed as 'Goods and Chattels' and fall within the scope of capital gains tax. It really is a 'win win situation' if you stick to British coins. The reasonable price of gold can't last much longer surely? Many are predicting price of gold to hit the stratosphere and a good profit will be made by those who have looked ahead. Have a look at the Chard (North of England), website for a lot of info on gold coins.
3. paul said...
This is appalling. Look at the government's new 'revised' growth projection to justify their tax cuts:
4. paul said...
Oh sorry that's debt. Looks quite realistic.