Taxes and insurance
The UK's National Health Service (NHS) is one of the most well-known social security systems in the country. It provides a wide range of medical services for UK citizens and legal residents, including daily consultations, hospitalisation**, medication costs, and more. The system ensures that all people have access to basic health care through tax support, which undoubtedly greatly enhances the sense of security and happiness of citizens.
In addition to the healthcare system, the UK also has a national pension scheme. It is a system that provides financial support to retired seniors. UK law requires employers to pay a percentage of the national pension tax for their employees, and employees can voluntarily increase their contributions. These funds are used to pay pensions for retirees, ensuring that they can maintain a certain standard of living after retirement.
In addition, there is a tax-funded unemployment benefit system in the UK. When citizens lose their jobs, a certain amount of unemployment benefits are provided to help them get through the storm. This system not only provides financial support to the unemployed, but also encourages them to actively seek new job opportunities and promotes the stability of the job market.
It is important to note that most of these social security systems in the UK are taxed by employers on behalf of their employees. This means that in the UK, employers not only have the responsibility to pay their employees, but also need to play an active role in taxes to ensure that employees are entitled to the social security they deserve.
In terms of taxation, corporate tax in the UK is currently at 19%, which is a relatively low tax rate. This tax system creates a good business environment for enterprises, and at the same time provides the necessary financial support for the social security system. This tax principle of "taking from the people and using it for the people" not only guarantees the healthy development of enterprises, but also promotes the continuous improvement of the social security system.
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United Kingdom