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Tax Planning Through the Ages

Is Bitcoin a Tax Haven?

Bitcoin has been called a tax haven as it provides a store of value, protection of assets/funds, and privacy.

2009 - China's Pro-cigarette Smoking Tax

In 2009, the Gong'an county government in Hubei province ordered its staff to puff their way through 230,000 packs of Hubei-produced cigarettes a year, or risk being fined.

2005 – A Tax on Body Piercings

A 6% sales tax on body piercing was introduced by the US state of Arkansas in 2005. The state also applies the 6% sales tax to hair removal and tattoo services.
A 6% sales tax on body piercing was introduced by the US state of Arkansas in 2005. The state also applies the 6% sales tax to hair removal and tattoo services.

Australia's Luxury Car Tax Introduced in 2000

The luxury car tax (LCT) is a tax on cars with a GST inclusive value above the LCT threshold. 

The First Carbon Tax was Introduced in Finland in 1990

Finland was the first country in the world to introduce a CO2 tax in 1990. Subsequently, many countries have followed suit and introduced their own versions of a carbon tax.

The Enterprise Investment Scheme of 1994

The Enterprise Investment Scheme (EIS) was launched in 1994 to encourage investments in small unquoted companies carrying on a qualifying trade in the United Kingdom.

1974 – Suit Leasing Scheme

In 1974 the UK’s top marginal tax rate of 83% applied to incomes over £20,000 (equivalent to £200,000 in 2018).

1973 - Nugent Hand Bank

Nugan Hand Bank was an infamous Australian merchant bank that was involved in drug smuggling, arranging weapons deals, providing a front for the United States CIA, money laundering and tax evasion schemes (including the Bottom of the Harbour).

1970 – Bottom of the Harbour Tax Avoidance

Bottom of the harbour tax avoidance schemes involved stripping a company of its assets and leaving it with unpaid tax liabilities.

1953 – Captive Insurance Companies

A captive insurance company is where a parent group creates its own licensed insurance company to provide coverage for itself.
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