This joke is so sad that it is funny and can be applied to almost every large country around the world.
I remember the first time I went to the Isle of Man way back in 1993 along with a bunch of central bankers from the UK, Nigeria, France, USA, Malaysia, India, Japan, etc. And that was my first exposure to low tax regimes. See here for an example of what the Isle of Man does with its taxation policy.
Before I got naturalised, I used to get very upset about being taxed without being represented, but as usual, one has literally very little to say about such things when you are not a citizen. Now that I AM a citizen, I am constantly amazed at the sheer ability of the British people to suffer from low efficiency of their tax usage. The government squeezes tax after tax from us and in return what we get is very low productive government services.
And the complexity of the British Tax system. Holy Christ, Allah, Ganesh, Imhotep, Zeus. All of them and their subordinate gods could not come up with another more complicated system. And its not like the Government doesnt know it. See this debate in Parliament. And this ever increasing complexity is slowly strangling British Business and will drive business out of the country.
The world is flat and is getting flatter!
1) Qus. : What are you doing?
Ans.: Business.
Tax: PAY PROFESSIONAL TAX!
2) Qus. : What are you doing in Business?
Ans.: Selling the Goods.
Tax: PAY SALES TAX!!
3) Qus. : From where are you getting Goods?
Ans.: From other State/Abroad
Tax: PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!
4) Qus. : What are you getting in Selling Goods?
Ans.: Profit.
Tax: PAY INCOME TAX!
5) Qus. : Where you Manufacturing the Goods?
Ans.: Factory.
Tax: PAY EXCISE DUTY!
6) Qus. : Do you have Office / Warehouse/ Factory?
Ans.: Yes
Tax: PAY MUNICIPAL & FIRE TAX!
7) Qus. : Do you have Staff?
Ans.: Yes
Tax: PAY STAFF PROFESSIONAL TAX!
8) Qus. : Doing business in Millions?
Ans.: Yes
Tax: PAY TURNOVER TAX!
9) Qus. : Are you taking out over 25,000 Cash from Bank?
Ans.: Yes, for Salary.
Tax: PAY CASH HANDLING TAX!
10) Qus. : Where are you taking your client for Lunch & Dinner?
Ans.: Hotel
Tax: PAY FOOD & ENTERTAINMENT TAX!
11) Qus. : Are you going Out of Station for Business?
Ans.: Yes
Tax: PAY FRINGE BENEFIT TAX!
12) Qus. : Have you taken or given any Service/s?
Ans.: Yes
Tax : PAY SERVICE TAX!
13) Qus. : How come you got such a Big Amount?
Ans.: Gift on birthday.
Tax: PAY GIFT TAX!
14) Qus. : Do you have any Wealth?
Ans.: Yes
Tax: PAY WEALTH TAX!
15) Qus. : To reduce Tension, for entertainment, where are you
going?
Ans.: Cinema or Resort.
Tax: PAY ENTERTAINMENT TAX!
16) Qus. : Have you purchased House?
Ans.: Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE !
17) Qus. : How you Travel?
Ans.: Bus
Tax: PAY SURCHARGE!
18) Qus. : Any Additional Tax?
Ans.: Yes
Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!
19) Qus. : Delayed any time Paying Any Tax?
Ans.: Yes
Tax: PAY INTEREST & PENALTY!
At the end, let us get high inflation and bribes/corruption eat away anything that is left. Thanks to Shadi KatyalSearch for this gem.
All this to be taken with a grain of piquant salt!!!
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