The UK is now becoming the country of businesses and workers that pays the most taxes in the world. Hundreds of videos are posted daily on social media about being the country that pays the most taxes in the world. As large companies seek new ways to lower taxes, Forbes recently reported on beer. The alcohol content of Foster’s beer in the UK will soon be reduced by 3.4%.
Heineken UK, the producer of Foster’s, stated that lowering the alcohol content from the current 3.7% will ensure that beer is subject to lower alcohol tax rates.
As major companies relocate their headquarters to EU countries, the number of companies closing their head offices is increasing daily. While our Economy Minister is still trying to raise taxes, millions of people tired of paying taxes are choosing to go abroad.
Last year, only 300,000 families applied and were granted permission to avoid paying the BBC licence tax. What will become of a population struggling to even pay the TV tax? We don’t expect anything different in Chancellor Rachel Reeves’s new budget. The likelihood of anything other than hidden or obvious tax increases and cuts is slim.
