History of Direct and Indirect Taxation in the United Kingdom Free Essay Example, 2500 words

It is interesting to observe that with the passage of time the population of the United Kingdom is reducing, the government is working hard to incorporate the required number of immigrants into the national territory to generate revenues, and reduce the spending of foreign exchange. The reduction in the working population will have an undesirable impact on the growth of the national economy, therefore the government of United Kingdom has to encourage the involvement of the local industries and service sector to support and encourage the involvement of the local population into services and economy, instead of relying on cheap labor of India, China, and Southeast Asian countries. For this purpose, the government has to definitely offer a reduction of taxes in the earning and profits of the company and that particular reduction can be later secured from a tax reduction of the employees, however at a small margin. It has to be realized that the United Kingdom is no longer in the prefer red list of leading investment country, and this has motivated the local and international investment companies to practice reluctance in investing their resources and manpower in this country. We will write a custom essay sample on History of Direct and Indirect Taxation in the United Kingdom or any topic specifically for you Only $17.96 $11.86/page It has to be understood that the major source of United Kingdom s stable economy is consistent enrolment of the international students into UK universities. It has to be understood that if these international students are hired or preferred for employment, this can be beneficial for the government. The government of United Kingdom has no legal obligation towards the foreign population in the country except for ensuring security and protection of their interests, religion and cultural practices.