Tax links
| Tax Freedom Day - links |
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Lombard Street Research www.lombardstreetresearch.com
They provide accurate economic forecasts and insights for strategic decision-makers our author, Swedish economist Gabriel Stein, is a director there.
Get away from it all! This info-packed site gives you the complete lowdown on offshore tax havens
Latest news and events about tax, and how to avoid it
Where to go to make investments free of Brown Tax
New campaign group calling for lower taxes
A wealth of tax-related information, plus on-line calculators
Fixed-fee services for tax returns, accounts and tax planning the specialists in filling out those boring self-assessment forms
Calculate your personal tax burden and learn more than you ever really wanted to know about tax policy in the UK!
The ultimate tax techies.
At least somebody out there is getting to grips with government waste...
Recent reports from the people¹s profligacy watchdogs
Reports from the House of Commons public-spending scrutineers
The Baddies
The root of our problems, of course
Dabba dabba dabba dabba - VATman!
Gordon Brown (who works from Number 11) actually lives here, while Tony Blair (who works from here) actually lives in Number 11. Confusing, isn't it? And these guys are actually running the country?
Born in 1694 (along with the national debt) and still going strong (along with the national debt)
Overseas
These pioneers have been calculating Tax Freedom Day for the US since 1929! Can you believe that?
A Canadian policy think-tank that also has a cool calculator for people to work out how much Ottawa is lifting from them!
A dynamic group, but with Canada's tax rates they have to be
An effective US taxpayer group, producing policy briefs, tax alerts, op-eds and much more
Direct to their newspaper, The Digital Daily, which contains useful information for US taxpayers
One of the world's most active taxpayer associations
A network of state-level taxpayers associations in the US
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At a glance
- Tax Freedom Day is the day on which we stop working for the Chancellor and start working for ourselves.
- If the average person works from 1 Jan each year, it will be May before they have earned enough to pay their taxes.
- The tax burden isn’t just income tax and national insurance, it includes VAT, fuel taxed, alcohol and cigarette duties, airline tax, fuel duties, car tax and many, many more.
- The preferences for stealth taxes in the past few years has meant that it’s becoming harder for people to understand how much they are paying. The importance of Tax Freedom Day is that it detects stealth taxes.
- In 2000, three years into the Labour administration, the government spent £343 billion. This year it plans to spend £653bn: nearly twice as much.
- If it had only grown in line with inflation since 2000, government spending would now be £407bn – £246bn less than this year's proposal.
- That's enough to wipe out the £118bn deficit, abolish VAT entirely, cut corporation tax to match Ireland's 12.5%, abolish Council Tax, and still have £10bn spare.
Tax Freedom Day
| Introduction |
| About Tax Freedom Day |
| TFD and the recession |
| History of TFD |
| Technical info |
| Tax links |
About the ASI
The Adam Smith Institute is the UK's leading innovator of free-market economic and social policies. Politically independent and non-profit, the Institute promotes its ideas through reports, briefings, events, media appearances, and its website and blog. For further information, click here.
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