Old Fashioned Tax Planning and Tax Strategies

Often one of the most controversial andsuch windows leads itself to the common phrase
misunderstood subjects that anyone can study or read'daylight robbery'.
about in the newspapers, tax planning in various formsIncome tax was brought into play, in order to finance
has been around for centuries. In the following article, Ithe building of troops and artillery in order to be able to
outline a number of tax planning strategies that werefight the French. Previous to this there was no such
adopted to avoid some of the more obscure taxes inthing as income tax, indirect taxes were charged on
the UK that were in place several hundred years ago.consumables, a primitive form of value added tax in
In its wisdom, the UK government at one point decidedorder to raise revenues.
to tax windows (not the Microsoft Software), on theAmusingly, there was also a tax on hats, as it was
basis that only affluent individuals would have theviewed by the government that the bigger the hat you
required money to be up to pay for something ashave the more money you had, and therefore the
extravagant as window. Clearly something which ismore tax you pay the Treasury. The most basic tax
now a day-to-day necessity in terms of enabling lightplanning that one could ever use in these days, was by
to enter the house, was once seen as a luxury. Inwearing a shorter hat, or to mitigate one's liability to
order to get around paying window tax, it was oftenhave tax permanently, one didn't wear a hat. Tax
easy to brick-up Windows and stop and light getting in,planning has always been around and will continue to
therefore mitigating one's liability to window tax.do so as long as governments continue to levy
Wandering around cities such as London today, youcharges on individuals for consuming items or for their
can often see windows in old buildings that have beenlifestyle choices.
bricked up. This practice, and the practice of taxing