The People’s Republic of China is the world’s largest producer and consumer of tobacco. China produces 42% of the world’s cigarettes, has 350 million Chinese smokers, and smokes 33% of the world’s cigarettes. The annual taxes on Chinese cigarette sales amount to hundreds of billions of yuan, and account for 10% of government revenue. In…
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Average weekly pay: $1,000 Employment size: 13,700 Future growth: Very strong Skill level Associate degree or diploma Amusement,…
Read More »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. Tax planning to avoid the Arkansas piercings tax is as simple as crossing the state border to have the piercings done interstate. The six…
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Business Profile Businesses in this industry install, repair and maintain ventilation, air conditioning, heating and refrigeration systems. Key Benchmarks Cost of sales to turnover is the key benchmark for this industry. Annual Turnover Range
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For many companies, their greatest asset is their good name or reputation. The main benefits of a good corporate reputation are: The customer’s preference in doing business with you (when competitors can provide similar goods and services at a similar cost and quality). The ability to charge a premium for products and services. Stakeholder…
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Political risk is the risk faced by investors and corporations that political decisions, events, or conditions will significantly affect the profitability of a business. This will include macroeconomic and social policies (fiscal, monetary, trade, investment, industrial, income, labour, and developmental), or events related to political instability (terrorism, riots, coups, civil war, and insurrection). Tax havens…
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The luxury car tax (LCT) is a tax on cars with a GST inclusive value above the LCT threshold. The Australian government introduced the LCT on 1st July 2000 in conjunction with the removal of sales tax and the introduction of the Goods and Services Tax (GST). LCT is imposed at the rate of…
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From 1st July 2017, taxpayers can contribute up to $15,000 per year in voluntary contributions (up to $30,000 in total), that can be withdrawn for a first home deposit. The contributions must be made into their superannuation account and be within an individual’s existing contribution caps. The contributions and earnings are both taxed in the…
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When choosing a tax haven, its location, proximity and accessibility can be a deal breaker. Generally, tax havens close to major financial centres, where you live, or do business will be preferred. The Cayman Islands, for example, is only 725 km from Miami (Florida) and can be accessed by an 80-minute flight. Delaware, for example,…
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A carbon tax is a tax on energy sources that emit carbon. Carbon is present in coal, petroleum, and natural gas and converted to carbon dioxide and other products when combusted. In contrast, wind, sunlight, geothermal, hydropower and nuclear are non-combustion energy sources and do not convert hydrocarbons to CO. The objective of a carbon…
Read More »"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2