Eat cake,pay tax…

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 :

Dear Sir,your column :”Eat Cake,Pay Tax” is a refreshing change from usual serious or mundane topics discussed in FE.The piece reminded me of the famous phrase :” Let them eat cake”, commonly attributed to Queen Marie Antoinette of France.It was supposedly spoken by the Queen, upon learning that the peasants had no bread. Since cake was a richer product , as opposed to normal bread, the quote supposedly had reflected her obliviousness to the condition of the people in those times.
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. 
It is a well known fact that Income Tax authorities are always prowling for new sources of taxation to swell their kitty !
I am not sure whether my letter,written in a lighter vein will tickle the editor of a serious paper like FE. Let me see how the cake crumbles.
To know more about mooncakes,try this link:
Happy tasting !
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1 Response to Eat cake,pay tax…

  1. Steve Brown says:

    It’s hard to find knowledgeable people on this topic however you sound like you know what you’re talking about! Thanks

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