In the 21st Century, the number of different taxes that we are obliged to pay has reached record levels which means as a society we are even less willing to pay them.
As well as income tax we are exposed to many other taxes including corporation tax, capital gains tax, consumption tax and property taxes. All of this can be too much to handle for an SME so accountants are often used to try to minimize the tax liability of a company.
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Reset Paywall Hits- Should more be done to stop tax avoidance?
- How does the tax system in your country differ from those described in the article?
- In your opinion, which is the better form of consumption tax; VAT or Sales tax? Why?