T1. Is there scope for Tax Evasion & Avoidance under Collateralism?

None whatever, as there are no Taxes to Evade or Avoid.

T2. Are there any Tax Return Forms to complete at the end of each year?

None whatever – no Statements of Income, Expenses or Profit.

T3. Are there any Statements required by the Government?

Yes, a Statement of Collateral, but only if it exceeds £1 Million.

T4. Are there Penalties for Under Declaring Collateral?

Yes, Confiscation of the Difference if significant, but no Prison.

T5. Are there Penalties for Over Declaring Collateral?

None whatever. In fact, Over Declaring is encouraged, and is rewarded the next year with full repayment of MITS with interest.

T6. Can Collateralists below the MITS threshold volunteer to contribute?

Yes, anyone under the MITS threshold can choose VITS – Voluntary Investment in Triple Security.

T7. Does VITS have a threshold?

Yes, a Minimum Economic Threshold Investment of say £10,000.

T8. What is the estimated MITS percentage of Collateral?

The estimated MITS percentage of Collateral is between 2% & 10%.

T9. What if a Collateralist over the £1 Million MITS threshold has no money?

Simple! Obtain a mortgage on Collateral 0wned from the Government.

T10. Does a State Mortgaged Collateralist get his MITS back with interest?

A State Mortgaged Collateralist gets his MITS back, but with no interest.

Britain will  become a Tax Haven for All

T11. With no Taxes to pay, evade or avoid, what will happen to Britain?

Britain will become a Tax Haven for the Rich, the Famous, the most Efficient Entrepreneurs – and the Most Prolific Prosperous Nation in the World.