{"product_id":"what-everyone-needs-to-know-about-tax-isbn-9781119375784","title":"What Everyone Needs to Know about Tax","description":"\u003cp\u003e\u003cb\u003eYou are paying much more in tax than you think you are\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eWhat Everyone Needs to Know About Tax\u003c\/i\u003e takes an entertaining and informative look at the UK tax system in all its glory to show you just how much you pay, how the money is collected and how it affects ordinary people every day. Giving context to recent controversies including the Panama Papers, tax avoidance by multinationals, Brexit and more, this book provides a straightforward explanation of tax and the policy behind it for non-specialists — no accounting or legal knowledge is required. The system's underlying logic is illustrated through three 'golden rules' that explain many of the UK tax regime's oddities, and the discussion focuses on the way things \u003ci\u003eare\u003c\/i\u003e rather than utopian ideas about how they might be. Case studies show how the VAT on a plumber's bill all adds up; why fraudsters made a movie to throw HMRC off their scent; how a wealthy couple can pay so little tax on a six-figure income; and the way tracing the money you paid for your iPad sheds light why the EU is demanding Apple pay billions extra in tax.\u003c\/p\u003e \u003cp\u003eEver the political battlefield, tax is too important for you to rely on media hype for information. It affects everyone, every day, and it pays for voters and taxpayers to know more. This book leaves aside technical detail and the arcana of the tax code to give you a real-world look at how tax works.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eLearn about the many ways that the tax system separates us from our money\u003c\/li\u003e \u003cli\u003eDiscover how Brexit could change the way we pay taxes\u003c\/li\u003e \u003cli\u003eUnderstand how changing tax policy affects people's everyday lives\u003c\/li\u003e \u003cli\u003eSee through the rhetoric surrounding controversies in the media\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWith tax, we have to admit that there are no easy answers. No one enjoys paying them, but without them, the Government would shut down. Seeing through politicians' cant and superficial press coverage is critical for your ability to make the decisions that benefit you; \u003ci\u003eWhat Everyone Needs to Know About Tax\u003c\/i\u003e gives you the background and foundational knowledge you need to be a well-informed taxpayer.\u003c\/p\u003e \u003cp\u003eAbout the author xi\u003c\/p\u003e \u003cp\u003eIntroduction xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Taxes on your income and earnings 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIncome tax and national insurance 1\u003c\/p\u003e \u003cp\u003eNational insurance contributions 3\u003c\/p\u003e \u003cp\u003ePaying tax 7\u003c\/p\u003e \u003cp\u003eTaxes on high earners 10\u003c\/p\u003e \u003cp\u003eThe Laffer curve 13\u003c\/p\u003e \u003cp\u003eSports, prizes and betting 16\u003c\/p\u003e \u003cp\u003eWith betting, the tax inspector always wins 18\u003c\/p\u003e \u003cp\u003eThe poverty trap 20\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Taxes on what you spend 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eValue added tax 23\u003c\/p\u003e \u003cp\u003eHow VAT works 27\u003c\/p\u003e \u003cp\u003eZero rated and exempt from VAT 30\u003c\/p\u003e \u003cp\u003eEurope, Brexit and VAT 32\u003c\/p\u003e \u003cp\u003eCustoms and excise 34\u003c\/p\u003e \u003cp\u003eExcise duties 36\u003c\/p\u003e \u003cp\u003eFuel duty and green taxes 41\u003c\/p\u003e \u003cp\u003eOil and gas extraction 44\u003c\/p\u003e \u003cp\u003eGreen taxes 45\u003c\/p\u003e \u003cp\u003eGlobal warming 47\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Taxes on what you own 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapital gains tax 51\u003c\/p\u003e \u003cp\u003ePaying capital gains tax 54\u003c\/p\u003e \u003cp\u003eTaxes on homes and property 56\u003c\/p\u003e \u003cp\u003eInheritance tax 57\u003c\/p\u003e \u003cp\u003eStamp duty land tax 59\u003c\/p\u003e \u003cp\u003eCouncil tax 62\u003c\/p\u003e \u003cp\u003eBuy to let 63\u003c\/p\u003e \u003cp\u003eThe mansion tax and wealth taxes 65\u003c\/p\u003e \u003cp\u003eTaxes on pensions and saving 67\u003c\/p\u003e \u003cp\u003eOther ways to save 71\u003c\/p\u003e \u003cp\u003eHow to live comfortably while paying almost no tax at all 72\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Taxes on business 77\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTaxing business 77\u003c\/p\u003e \u003cp\u003eTax on the self]employed and small businesses 78\u003c\/p\u003e \u003cp\u003eTax on companies 79\u003c\/p\u003e \u003cp\u003ePersonal service companies 81\u003c\/p\u003e \u003cp\u003eThe tradesman’s entrance 84\u003c\/p\u003e \u003cp\u003eMultinationals and international tax 86\u003c\/p\u003e \u003cp\u003eTerritorial taxes 88\u003c\/p\u003e \u003cp\u003eTax havens 90\u003c\/p\u003e \u003cp\u003eA bit of BEPS 91\u003c\/p\u003e \u003cp\u003eWhere does big business make its profits? 93\u003c\/p\u003e \u003cp\u003eTax competition 97\u003c\/p\u003e \u003cp\u003eTaxing what you can’t touch 99\u003c\/p\u003e \u003cp\u003eTaxes on financial transactions 103\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Taxes evaded, avoided and reformed 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFilm finance: how governments encourage planning, avoidance and evasion 107\u003c\/p\u003e \u003cp\u003eTax evasion 113\u003c\/p\u003e \u003cp\u003eTax avoidance and the general anti]abuse rule 117\u003c\/p\u003e \u003cp\u003eA changing climate 119\u003c\/p\u003e \u003cp\u003eAvoiding income tax 122\u003c\/p\u003e \u003cp\u003eThe new fight against aggressive avoidance 124\u003c\/p\u003e \u003cp\u003eTax planning 126\u003c\/p\u003e \u003cp\u003eTax reform 128\u003c\/p\u003e \u003cp\u003e1. Stop cutting income tax and start cutting national insurance 130\u003c\/p\u003e \u003cp\u003e2. Start the 45% tax rate at £100,000 instead of £150,000 130\u003c\/p\u003e \u003cp\u003e3. Tax companies according to their accounting profits 130\u003c\/p\u003e \u003cp\u003e4. Expand the scope of VAT 131\u003c\/p\u003e \u003cp\u003e5. Introduce a minimum income tax rate for the wealthy while abolishing most income tax anti-avoidance rules and incentives 131\u003c\/p\u003e \u003cp\u003eConclusion: the Three Golden Rules of tax 133\u003c\/p\u003e \u003cp\u003eThe First Golden Rule: Lots of small taxes together add up to make big tax bills 133\u003c\/p\u003e \u003cp\u003eThe Second Golden Rule: No matter what name is on the bill, all taxes are ultimately suffered by human beings 134\u003c\/p\u003e \u003cp\u003eThe Third Golden Rule: Taxes are kept as invisible as possible 135\u003c\/p\u003e \u003cp\u003eIndex 139\u003c\/p\u003e  \u003cp\u003e\"This is a cracking little guide to the UK's tax system.\"??(\u003cem\u003ePQ Magazine,\u003c\/em\u003e July 2017) \u003c\/p\u003e\u003cp\u003e\"... packed with insightful observations and comment.\"??(\u003cem\u003eInternational Investment,\u003c\/em\u003e May 2017) \u003c\/p\u003e\u003cp\u003e\"... chock full of essential information and interesting fact. I can highly recommend it to anyone who wants to get a grip of the complex UK tax system.\"??(\u003cem\u003eFrost Magazine,\u003c\/em\u003e March 2017)    \u003c\/p\u003e\u003cp\u003e\u003cb\u003eJAMES HANNAM, P\u003csmall\u003eH\u003c\/small\u003eD,\u003c\/b\u003e has spent twenty years advising clients on every aspect of the UK tax regime while working for firms including EY, Freshfields, and KPMG.     \u003c\/p\u003e\u003cp\u003e\u003cb\u003eWHAT THE TAXMAN HOPES YOU WON'T FIND OUT\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eWhat Everyone Needs to Know about Tax\u003c\/i\u003e is an entertaining and informative guide to the tax system in the United Kingdom. This easy to understand explanation of tax and tax policy is written for the layman, with no accounting or legal background necessary. It lifts the fog surrounding the latest political arguments and public controversies over taxation, including the effect of Brexit, whether multinational companies are unfairly avoiding their dues, the special privileges of ultra-wealthy non-doms and more. \u003c\/p\u003e\u003cp\u003eTax expert and historian James Hannam gives insight on every aspect of the tax system, along with practical case studies illustrating how taxation functions in the real world. He shows how taxes are kept as invisible as possible, why there are so many different taxes and how they almost all end up being paid by ordinary people. Having read this book, you will: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eFind out how much of your money goes in taxes without your noticing it\u003c\/li\u003e \u003cli\u003eUnderstand the logic behind the wrinkles and foibles in the UK tax system\u003c\/li\u003e \u003cli\u003eSee through the cant of politicians and the media on the subject of tax\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAbove all, this book shows how, when it comes to tax, there are no easy answers. Make yourself a better-informed voter and taxpayer by reading \u003ci\u003eWhat Everyone Needs to Know about Tax\u003c\/i\u003e!\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990476275941,"sku":"NP9781119375784","price":34.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119375784.jpg?v=1761787980","url":"https:\/\/k12savings.com\/products\/what-everyone-needs-to-know-about-tax-isbn-9781119375784","provider":"K12savings","version":"1.0","type":"link"}