Newest Tax

Egypt has both Christian and Moslem communities and the politics of the Middle East are equally diverse. Air your views on the situation.

Moderators: Horus, DJKeefy, 4u Network

Post Reply
User avatar
LovelyLadyLux
Egypt4u God
Egypt4u God
Posts: 10814
Joined: Sun Nov 29, 2009 9:12 pm
Location: Canada
Has thanked: 342 times
Been thanked: 2150 times
Canada

Newest Tax

Post by LovelyLadyLux » Mon Oct 09, 2017 8:26 pm

In Canada now our PM Trudeau has literally gone tax crazy. I swear he is going to start taxing the air we breathe.

The latest NEW tax:

The sales clerk who gets a 25-per-cent discount on the shoes sold at her store is facing a new bill: The Canada Revenue Agency has indicated that employee discounts will now be taxed.
It’s a reinterpretation that prompted disbelief. “Why would the government want to abandon long-standing practice to start taxing a store employee for a 20-per-cent discount on a pair of jeans?” Retail Council of Canada vice-president Karl Littler said at a hearing of the Commons finance committee.
For months, employer organizations thought that the interpretation in the new tax folio, which indicate employee discounts are taxable benefits, might simply be a mistake.
But a spokesperson for the CRA, Zoltan Csepregi, told The Globe and Mail in an e-mail that it is the new folio that is “correct and represents CRA’s interpretation of the law.”


Nowhere is all the Administration of this new tax figured in. Do employers who offer minimal discounts to their Employees really truly have to keep track? Crazeeeeee BUT when you have a PM who has literally thrown money away all over to everywhere I guess he has to squeeze out every nickle he can find (nickle being our smallest denomination now)



User avatar
Horus
Forum Admin
Forum Admin
Posts: 11846
Joined: Fri Dec 05, 2008 2:15 am
Location: UK
Has thanked: 1229 times
Been thanked: 1925 times
Gender:
United Kingdom

Re: Newest Tax

Post by Horus » Mon Oct 09, 2017 11:16 pm

If they do that the perk will not be worth having :ni:
Image

User avatar
Grandad
Egyptian Pharaoh
Egyptian Pharaoh
Posts: 6390
Joined: Fri Dec 05, 2008 2:15 am
Location: South East UK
Has thanked: 517 times
Been thanked: 1821 times
Gender:
United Kingdom

Re: Newest Tax

Post by Grandad » Tue Oct 10, 2017 8:37 am

We are taxed at source against our income but any employment benefits seem to be a happy hunting ground for Chancellors. When I was working I had a very good benefits package BUT it cost me and there is a balance as to whether it is worth it.
We have similar situations LLL where the Government look for any loopholes to gain more revenue. But they still send many millions (or billions) to countries in the form of foreign aid, some of which countries are doing very well and don't need the aid. There is always the question of where exactly does such aid end up?
:gg:

User avatar
LovelyLadyLux
Egypt4u God
Egypt4u God
Posts: 10814
Joined: Sun Nov 29, 2009 9:12 pm
Location: Canada
Has thanked: 342 times
Been thanked: 2150 times
Canada

Re: Newest Tax

Post by LovelyLadyLux » Tue Oct 10, 2017 11:21 pm

Our PM has gone crazy with giving away all our $$ so much so they're now looking for any new tax or source of revenue they can find.

Mostly our sales clerks make minimum wage so getting a few perks of cheap(er) clothing from a store they work in helps the budget. There also seems to be a requirement here that in the upper end stores (which really don't pay any better than the lower end stores) the salespeople are stylishly dressed, modern and very smart looking. This doesn't come without a price so being able to purchase off the rack for a discount helps. To tax this seems so severe and the actual Administrative end of checking it all out and process it through probably going to cost more than the Gov't actually brings in.

Post Reply
  • Similar Topics
    Replies
    Views
    Last post