What Everyone Needs to Know about Tax
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Hannam James. What Everyone Needs to Know about Tax
About the author
Introduction
Why you should read this book
Chapter 1. Taxes on your income and earnings
Income tax and national insurance
Taxes on high earners
Sports, prizes and betting
The poverty trap
Chapter 2. Taxes on what you spend
Value added tax
Customs and excise
Fuel duty and green taxes
Chapter 3. Taxes on what you own
Capital gains tax
Taxes on homes and property
Taxes on pensions and saving
Chapter 4. Taxes on business
Taxing business
Multinationals and international tax
Taxing what you can't touch
Taxes on financial transactions
Chapter 5. Taxes evaded, avoided and reformed
Film finance: how governments encourage planning, avoidance and evasion
Tax evasion
Tax avoidance and the general anti-abuse rule
Tax planning
Tax reform
Conclusion: the Three Golden Rules of tax
The First Golden Rule: Lots of small taxes together add up to make big tax bills
The Second Golden Rule: No matter what name is on the bill, all taxes are ultimately suffered by human beings
The Third Golden Rule: Taxes are kept as invisible as possible
Index
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James Hannam is a graduate of the universities of Oxford and Cambridge. He has worked as a tax advisor for 20 years at several City of London institutions including KPMG, Barclays Bank and Freshfields. For the last eight years he has been with EY. He lives in Kent with his wife and two children.
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Chapter 2 of this book is all about VAT, excise duties and green taxes: the taxes you pay on spending. We'll also see how tax gets in the way of free and fair trade, especially if you are a Third World farmer trying to sell your produce into the European Union.
And yet more taxes
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