What are the 'Stealth Taxes' costing you?
The Government is raising record amounts in additional taxation through the use of what the press have dubbed 'stealth' taxes. Initially 'stealth' taxes were aimed at big corporations but increasingly they are effecting individuals and small- to medium-sized business.
The Government has raised an extra £40 billion by way of tax increases. Now, more than ever, you need to protect yourself from excessive taxation. Schmidt Tax Report can show you how...
"Labour came to power promising
not to raise the basic or top rate of income tax and has so far stuck to this pledge.
But the Tories point out that the Chancellor is raising an extra £40 billion
over this Parliament by increasing other taxes and introducing new levies, many of
which are not immediately apparent to the public."
The Daily Telegraph
"Money will pour in as a result
of measures already announced but yet to take effect, with companies and middle-income
earners bearing the Chancellor's skillful use of "stealth" taxes to produce
additional revenue."
The Times
It has nothing to do with your political beliefs. The Government have quite openly admitted to the fact that it is raising extra revenue by means of new and extra taxes as well as by closing perfectly legal tax loopholes.
The result is that every taxpayer in the UK is worse off with higher levels of direct and indirect personal taxation, the loss of valuable allowances, and the knock-on effects of higher tax on businesses.
Worse still, if its plans for increased government spending go ahead it will need to raise even more tax in the future.
So, what can you do?
One positive action you could take is to send away for a free trial issue of the
UK's only newsletter designed to provide its readers with a rich and regular source
of tax saving advice.
Should you then decide to become a subscriber you will benefit on a monthly basis from practical, hands-on, action-orientated tax tips...the sort of information you can put to immediate use.
Tax increases are inevitable. However, what is not inevitable is that you should suffer. We can show you how to legally reduce your tax bill. Bluntly, why pay more tax than you have to when The Schmidt Report can guide you to guaranteed tax savings or your money back.
Complete your Free Trial Application online today and see for yourself just how our professional advisers can help you to cut your tax bill.
WHY YOU NEED PROTECTION
You need first class, professional help avoiding the effects of new tax increases
and tax policies like the one's listed below... and Schmidt Tax Report can give it
to you.
Pensions
Rules changed on tax exemption raised an additional £8 billion. The same as
a 4% increase in income tax. Hits people when they retire but doesn't show while
you are working.
Advance Taxation
By demanding tax is paid in advance both by individuals and corporations more is
being taken out of the economy than ever before. In 2006 they received £44.9 billion.
Stamp Duty
A 114% increase in Stamp Duty has boosted revenue by £2.5 billion in 2007.
Capital Gains Tax
Complex new rules, and the death of PEPs, has been highly beneficial to the Government.
Tax on dividends
Pensioners and those on low incomes can no longer reclaim tax deducted at source.
Married Couples Allowance & MIRAS scrapped
Just two of the many tax reliefs scrapped by Labour since they came to power.
Company car tax up
It is now a tax burden for most drivers to receive a company car due to increased
tax.
Tobacco and petrol taxes up
The Government has pushed the tax on both cigarettes and petrol up well beyond the levels
of inflation.
National Insurance
NI increase - especially for better off - who pay an extra £200 a year. And
at the same time countless previously legal tax avoidance loopholes (such as 'bed
and breakfasting') have been closed and the Inland Revenue has been instructed to
take a tougher line on all attempts (legal or otherwise) to avoid tax.
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