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Tax Relief

Vanity tax


After the failed tax, politicians will be hoping to gloss over the incident

A proposed 'vanity tax' in the Philippines has been slapped down after an online campaign urged lawmakers: "#DontTaxMyBeauty".

The country's plan to tax the "multibillion-peso beauty industry" went down as well as a broken nail in a manicurists' parlour, with the beauty industry also railing against the plan. Politicians will be left red-faced (unless they use concealer) after the failed attempt, and feel the whole incident wasn't worth it. Unlike you, dear reader.

Tax Relief is relieved: a lot of shimmer goes into making these pages look so glossy.

It does not make much cents


Staff counted the pennies by hand because the counting machines kept jamming

A man from Virginia in the United States has paid his tax bill, something most tax administrations are accustomed to dealing with. However, he used 300,000 pennies to do it. His sterling attempt to annoy the department was successful, with staff taking at least several hours to count the five wheelbarrows filled with coins that made up the $3,000 tax bill. The penny pincher told the BBC that he did it as a protest because he wanted government departments to "be more responsive to public inquires". Tax Relief thinks the man has likely put pay to any chance of making it through the next year audit free.

Quotes of the month

"Looks like it's on"

Peter Davidson, social and economic policy analyst, on the corporate tax 'race to the bottom.'

"Full customs union membership prevents us from negotiating our own comprehensive trade deals"

UK Prime Minister Theresa May, who suggested the UK may seek "associate membership" of the EU's customs union.

"Intaxication: [The] nice feeling you get when you receive your tax refund, until you realise it was your own money in the first place #TaxJoke"

US Tax Practice's founder Patrick Evans said via Twitter.
more across site & bottom lb ros

More from across our site

The General Court reverses its position taken four years ago, while the UN discusses tax policy in New York.
Discussion on amount B under the first part of the OECD's two-pronged approach to international tax reform is far from over, if the latest consultation is anything go by.
Pillar two might be top of mind for many multinational companies, but the huge variations between countries’ readiness means getting ahead of the game now, argues Russell Gammon, chief solutions officer at Tax Systems.
ITR’s latest quarterly PDF is going live today, leading on the looming battle between the UN and the OECD for dominance in global tax policy.
Company tax changes are central to the German government’s plan to revive the economy, but sources say they miss the mark. Ralph Cunningham reports.
The winners of the ITR Americas Tax Awards have been announced for 2023!
There is a ‘huge demand’ for tax services in the Middle East, says new Clyde & Co partner Rachel Fox in an interview with ITR.
The ECB warns the tax could leave banks with weaker capital levels, while the UAE publishes guidance on its new corporate tax regime.
Caroline Setliffe and Ben Shem-Tov of Eversheds Sutherland give an overview of the US transfer pricing penalty regime and UK diverted profits tax considerations for multinational companies.
The result follows what EY said was one of the most successful years in the firm’s history.