Eat Cake,Pay Tax…
In Financial Express of 5th September 2011,there was an interesting column titled :”Eat cake, pay tax” regarding local tax authorities deciding to tax mooncakes in China.Here is the link to the article :
Here is my reaction to the above piece,sent as a letter to the editor :
Incidentally, even in the Chinese culture, there is reportedly a similar story that involves rice and meat, instead of bread and cake: An ancient Chinese emperor who, being told that his subjects didn’t have enough rice to eat, replied: ‘Why don’t they eat meat?’
Taxing moon cakes is a novel idea for the local tax authorities of China to extract their pound of flesh and it certainly lends credence to another popular phrase :”You can’t eat your cake and have it too”.
Let us hope that our Income Tax authorities don’t get inspired from this supposedly new area of revenue and think of taxing gifts customarily exchanged during Diwali and Christmas in apna desh. Kudos to you,for giving your readers some alternate form of fodder and food for thought.
J S BROCA