Category: tax accounting
Have you heard of the cow flatulence tax?
In 2009 the Danish Tax Commission proposed introducing a cow flatulence tax of $110 per cow per year. For the average farmer with 120 ...
The UK has a bedroom tax!
In 2012 the United Kingdom (UK) introduced the bedroom tax to free up public housing (1 million spare bedrooms) and reduce the Government’s public ...
Tethered hot air balloon tax
Kansas (in the United States of America) taxes sales of admissions to any place providing amusement, entertainment or recreation services. Hot air ballooning squarely ...
China’s mooncake tax
In 2011 China introduced the ‘mooncake tax’ which taxes employees on any employer-provided allowances and benefits. Previously, employee allowances and benefits were tax-deductible to ...
Marijuana tax
In the United States (US), the possession of cannabis is illegal under the Federal Controlled Substances Act of 1970. In contrast to the Federal ...
The Fair Tax Mark was established in the UK in 2014
Community attitudes to tax avoidance vary from approval through neutrality to outright hostility. Opinions may differ depending on the steps taken in the avoidance ...
Solar Tax – A tax on the sun!
In 2015 Spain introduced a solar tax (‘impuesto al sol’) which taxed owners of solar panels on their consumption of electricity. The solar tax’s ...
Federal Budget 2023-24 Tax Changes
The key tax and superannuation changes announced on Tuesday, 9 May 2023 by Treasurer Jim Chalmers are: Small business instant asset write-off: For 2023-24 ...
Pet Tax
In 2017 the Punjab government, a state in Northern India, introduced a tax for keeping domestic animals. People owning a dog, cat, pig, sheep, ...
Social Media Tax
In 2018 the Uganda government introduced a 'Social media tax' to censor online speech. Yoweri Museveni, the president of Uganda, stated that 'the tax ...