Historical Tax Avoidance
Tax avoidance has been around as long as taxes. One historic example of tax avoidance still evident today was the payment of window tax. It was introduced in England and Wales in 1696 with the aim of imposing tax on the relative prosperity of individuals as the bigger the house, the more windows it was likely to have and the more tax the occupants would pay. Nevertheless, the tax was unpopular, because it was seen by some as a ‘tax on light’ and led property owners to block up windows to avoid it. The tax was repealed in 1851.
Other historic examples of tax avoidance were the deliberate destructions of roofs after World War II in order to avoid substantial property taxes. The owners of buildings like Fetteresso Castle (now restored) and Slains Castle in Scotland deliberately destroyed their roofs in protest at the new taxes.
Similar posts you may like
- The Most Common Illegal Business Tax Avoidance Strategies
The top 8 illegal business tax saving strategies are: Illegal cash economy – The ATO estimates about 1.6 million businesses (mostly micro and Read more
- How to Grow Your Fees 316% in a Year
Unni Ashok, a TaxFitness subscriber since June 2017, operates an accounting practice at Nundah, QLD. He has recorded fee growth of 316% for the Read more
- Sublet a room in your house/apartment
Whether an owner or renter, if you have a room in your house or apartment that you can sublet, you could significantly reduce your Read more
- The shadow tax of Conegliano
In 2015, Conegliano, an Italian town in Veneto, introduced a tax on shadows. Business owners whose signs create a shadow on public property or Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2