Tax Avoidance A practical guide for UK Residentsby Samuel Blankson
There are many things and people who have a vested interest in getting some if not, all your money. Whilst you can shield yourself with insurances and good legal representation against most of these potential wealth stealers, you are fairly limited to the biggest wealth stealer of them all, Governments, and their wealth stealing strategies incorporated in tax laws.
Every year, the tax machine plugs more loopholes and introduces new reporting and disclosure laws, further limiting your ability to avoid their excessive taxes.
Taxes were originally introduced to fund war campaigns, but have since developed into institutions. Governments are powerful organisations with the power to introduce laws that will increase their main source of financing, taxes. This leaves you and me the innocent citizens of these governments’ jurisdictions almost powerless to stop the ever-increasing routes in which your hard-earned money is siphoned off, through taxes.
There are some avenues remaining for the private individual to legally secure and protect themselves against some of these taxes. These methods are never long lasting however as the tax machine of the governments are constantly reviewing ways to plug these loopholes and benefits. They also introduce new legislations and tax laws that restrict, and further complicate the methods, and structures you can use to avoid these taxes.
This practice has now reached a point that you almost have to be a qualified tax lawyer, constantly studying new proposals and tax laws, in order to creatively spot and devise ways to avoid tax.
In this book, you will learn the various ways of avoiding taxes. The advice here will sometimes be general as tax laws change so often that by the time you read this book, any specific advice I offer will have lost its advantages. For a current view on all these strategies and methods, seek the advice of a professional tax consultant.
From the publisher
If you live in the UK, plan to live or visit the UK for a prolonged period, you will need this useful tax guide. It explains how anyone exposed to the UK tax system can avoid paying unnecessary and avoidable taxes, legally, easily and effectively.
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