Adam Brodie considers The Future of Tax Beyond the Pandemic [Podcast]
Shortly before the Budget on 3 March, Adam Brodie, Finerva Founder, was a guest speaker on the Mulberry Bow Money Academy (MBMA) podcast about ‘The Future of Tax Beyond the Pandemic.’ [https://www.mulberrybow.com/mbma.php] This is a free educational library of short podcasts that aims to demystify money, financial planning and investing. Its aim is to help smart people avoid doing dumb things with their money!
As a result of the pandemic we know that tax is likely to increase in the coming years and be harder both for companies and individuals. But as a founder and entrepreneur do you give sufficient thought to this? Sensible tax planning can change the future but often planning is associated with evasion and something that only the very wealthy can afford.
As Adam and Rob highlight, there’s been a massive change in attitudes towards tax together with a mistaken belief the solution to the UK’s tax problem is someone else’s responsibility.
This podcast is an excellent 45 minutes of your time. In it you will learn about:
- Why millennials want to do what is right rather than look for loopholes;
- Why we tend to talk about the tax liabilities of others i.e. footballers, rather than our own responsibilities;
- How collecting tax is trade-off between creating incentives and managing behaviours;
- What makes EMI Share Options a positive policy tool;
- Why Entrepreneurs Relief is not been the incentive that the Government had hoped;
- Ways of gathering tax revenue from the environment, tech and big-tech;
- Why the UK remains attractive for international entrepreneurs seeking access to capital.
Did you know that London has the biggest VC community in Europe and that the UK remains one of the best countries in the world to innovate and grow a business? As a race British consumers are willing and open to try new things – perhaps one of the reasons why we attract so many tech start-ups?
What’s your opinion?
Many believe that it’s better that the UK grows itself out of the problem than tax itself. As a founder, you’ll have an opinion on this. And with luck and hard work you’ll be part of that growth.
This podcast with Adam is a great way to develop your knowledge and understanding of UK tax and form an opinion.