​A "Shell tax"

We all know how crazy children are about seashells. They end up carrying bags of seashells out of the beach and keeping the beach treasures in their bedrooms. One mum had a clever solution for the shell problem. She explained to her children that there is a shell tax on beaches- everyone is allowed to pick three shells from...
Continue reading

Amazon pardoned from paying taxes due to virtual nature of its products

When American Institute on Taxation and Economic Policy (ITEP) issued a report in which they show that one of the biggest worldwide retail companies, Amazon, hasn't been paying taxes a second year in a row, the news was met with confusion and disdain. The obligatory 21% of income wasn't obligatory enough for a company that made $11.2bn just last ye...
Continue reading
Wait a minute, while we are rendering the calendar