Comments on: Out of the mouths of journalists http://www.taxresearch.org.uk/Blog/2006/07/30/out-of-the-mouths-of-journalists/ Richard Murphy on tax and corporate accountability Tue, 06 Jan 2009 06:34:37 +0000 http://wordpress.org/?v=2.6 By: Tax Research UK / Let’s be clear - Inheritance Tax is not doube taxation http://www.taxresearch.org.uk/Blog/2006/07/30/out-of-the-mouths-of-journalists/#comment-95 Tax Research UK / Let’s be clear - Inheritance Tax is not doube taxation Mon, 31 Jul 2006 10:04:11 +0000 http://www.taxresearch.org.uk/Blog/2006/07/30/out-of-the-mouths-of-journalists/#comment-95 [...] Recent Comments Tax Research UK / Quaker principles? Well, maybe not if you’re Cadbury’s on KPMG and CSR – or why we’ve moved on to corporate accountabilityJason Holden on Out of the mouths of journalistsAccMan Pro / Investing in people on Tax practice in the UKRichard Murphy on Whose tax return is it anyway?Dennis Howlett on Whose tax return is it anyway? [...] [...] Recent Comments Tax Research UK / Quaker principles? Well, maybe not if you’re Cadbury’s on KPMG and CSR – or why we’ve moved on to corporate accountabilityJason Holden on Out of the mouths of journalistsAccMan Pro / Investing in people on Tax practice in the UKRichard Murphy on Whose tax return is it anyway?Dennis Howlett on Whose tax return is it anyway? [...]

]]> By: Jason Holden http://www.taxresearch.org.uk/Blog/2006/07/30/out-of-the-mouths-of-journalists/#comment-91 Jason Holden Sun, 30 Jul 2006 17:22:41 +0000 http://www.taxresearch.org.uk/Blog/2006/07/30/out-of-the-mouths-of-journalists/#comment-91 Ah Richard, the Australian tax system, what ever they think about their tax system it is not as bad as ours, I am speaking as someone who hold FPNA status with the National Institute of Accountants (one of only 3 institutes in Australia I may add). The Aussies often think they are hard done to, then you mention that over here in the UK once your estate goes over a certain limit you have to pay Inheritance Tax (IHT), it’s about this point they go white, they can’t understand that once you have acquired assets over your lifetime out of already taxed income that your family get hit with another tax once you die. The moral of the story, our friends in Australia may think they are taxed left right and centre, but hey, at least when you die they leave you alone, unlike the UK! NO IHT in Australia, just thought I’d mention it if you are thinking about where to go with your wealth when you retire .... oh dam, have I just given out some tax planning advice Richard, sorry, that’s your bag not mine. Ah Richard, the Australian tax system, what ever they think about their tax system it is not as bad as ours, I am speaking as someone who hold FPNA status with the National Institute of Accountants (one of only 3 institutes in Australia I may add).

The Aussies often think they are hard done to, then you mention that over here in the UK once your estate goes over a certain limit you have to pay Inheritance Tax (IHT), it’s about this point they go white, they can’t understand that once you have acquired assets over your lifetime out of already taxed income that your family get hit with another tax once you die.

The moral of the story, our friends in Australia may think they are taxed left right and centre, but hey, at least when you die they leave you alone, unlike the UK!

NO IHT in Australia, just thought I’d mention it if you are thinking about where to go with your wealth when you retire …. oh dam, have I just given out some tax planning advice Richard, sorry, that’s your bag not mine.

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