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Taxation breaks as an incentive

Thursday, May 23, 2013
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Much of the recent talk about tax has been linked to the avoidance stories by big multi-national companies like Google.  An alternative angle that students may find interesting as a counter argument is the use of tax concessions as an incentive by government.  The most commonly used example is the concessions given to more environmentally-friendly cars when their owners pay road tax.

Another interesting example has been highlighted this week, in concessions given out to those people who give away items classified as culturally significant. Follow this link to read an article on how some handwritten lyrics penned by John Lennon have been given away by their owner as part of the Cultural Gifts tax relief scheme.

Will all the tax avoiders in the front row please jangle their jewellery?



 

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