Category Archives: Funny Stuff

Interesting tax deductions…

From Ogden and Commissioner of Taxation (Taxation) [2016] AATA 32 (29 January 2016): MS HAMMOND: Okay. In that same income year you also claimed an amount of secretarial services? MR OGDEN: Yes. MS HAMMOND: $5,388. That’s a payment you allegedly … Continue reading

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Fairfax at it again

The report will I think make it almost impossible politically for this government to sell its austerity program or its GST “reform” proposals. The mantra that Australia has a spending problem, not a revenue problem, looks hollow in the light … Continue reading

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Volumetric taxation

Estimates of the effective rates on excisable products in 2014–15 range from as low as $1.71 per litre of alcohol for low-strength non-commercial beer to $79.38 per litre of alcohol for spirits and ready-to-drink beverages. Estimates of the effective rates … Continue reading

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Tax weirdness Down Under

I was recently asked by the Institute of Chartered Accountants in Scotland about weird taxes in Australia… And here was my response The seafarer’s tax offset This little present by the previous Labor government to the Maritime Union allows those … Continue reading

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Greece Taxes And Pools

In Greece, if you own a pool of over 25 meters squared under the tax law you are required to add an amount to your assessable income of sometimes close to 20,000 euros. The policy is designed to be both … Continue reading

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Common sense test… There is none at Fairfax…

In another weak attempt at understanding the tax system Fairfax are arguing we get rid of the tax system and replace it with a common sense test. They have tried every angle on why multinationals are naughty boys and failing … Continue reading

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A “fairness” tax?

In Belgium they have a tax called a “fairness tax”. It is a 5.5% tax on dividends paid by certain companies – on top of corporate taxes paid. Interestingly it is so “fair” that it is likely to be struck … Continue reading

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