We're back.
And there will be another one in the morning.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
Read more about me
If you like what I do please support me on Ko-fi using credit or debit card or PayPal
Tax Research UK Blog is written by Richard Murphy unless otherwise stated and published by Tax Research LLP under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
Design by Andy Moyle
Buy me a coffee!
Been thinking a video on the process of how we pay tax would be an interesting video.
(If you haven’t done one already)
The fact that Government only accepts payment of tax with money that IT has the sole monopoly of creating could do with highlighting.
i.e Cash or central bank reserves.
It doesn’t accept the money in our current accounts with High Street banks. I expect that most people don’t realise this.
The marking down of our accounts, when me pay our taxes, is mirrored by an equivalent amount being marked down in the High Street Bank’s reserve account at the Bank of England.
Our tax bills are only considered “settled” when the equivalent amount of central bank reserves have been effectively destroyed.
This alone exposes the myth that tax pays for government spending.
That’s going to be a hard one…..
Goodie.. can’t wait!!
Me neither!!!