Why are taxes so high in the UK?
If you look at a number of aspects of the cost of living in the UK the taxation system, both direct taxes and indirect taxes, do not compare favourably with the vast majority of developed countries around the world. This has been an issue for many years with areas such as tax on petrol and the cost of cars, let alone the cost of gas and electric, among some of the more popular gripes of the UK population.
It is very difficult to say with confidence why the UK would appear to be such a relatively highly taxed country but the truth is that taxation income at the moment is nowhere near enough for the authorities to maintain local authority budgets, and reduce the national debt, so taxes will go up in the short-term. The cost of living in the UK is now significantly higher than what it was a decade ago and indeed we have seen significant price rises in various areas over the last two years - despite the fact we were, and some would argue still are, in the grip of an economic meltdown.
While there are some areas in which the UK does compare favourably to overseas government tax strategies, it has to be said these are very few and very far between.
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