While tax law is annoying in terms of its assignments, I find it quite an interesting subject, there are a lot of things that I never knew why is actually explained by that subject... For example, did you all know that an employer is the one who gets taxed when he brings out employees for a meal and not the employee who is the recipient. Funny thing is, if you take away the food and consume it in the tax office, it might be exempted or deductible! Besides that, funny things like.. if an employee gets a whole pizza, then it would be taxable for the employer, and if its one slice for each employee then it is not taxable! GOosh.. really... and if you really wanna reduce tax for providing cars to your employees, just get your employee to drive around and go anywhere he/she wants in the company car so that it would reach a certain mileage and the tax would be reduced!
Other ridiculous stuffs are like GST, did you know that unprocessed food is GST-free..? Roasted nuts would be charged with GST, while unroasted nuts would not be charged with GST... I always thought that the price difference was due to roasted and unroasted.. little did I know that once you roast the nuts.. you need to pay for GST.. And anything that is sugar-coated has to be charged with GST... SO.. does that explain why Krispy Kreme has all its donuts sugar-coated..? Haha, I guess not.. and DAMN IT.. they even charged GST for bread with sugar coating and maybe if you eat those wholegrain bread.. it might also be charged with GST.. in other words.. just freaking it plain bread..! Quite ridiculous some of the stuffs that are included in this subject...
So ladies n gentleman, next time you know wat to do.. buy ur meat and vegetables raw, eat doughnuts without sugar coating, if you have a company car, make sure you drive it around everyday and travel around with it...! Do not eat roasted nuts! You are better off roasting it yourself.. If you are an employer, only give your employee one slice of pizza and never allow them to bring anything home!
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3 comments:
kee. doughnuts are cooked. whether they are sugar coated or not. No ?
unless maybe the unbaked dough that would be uncooked. yes ?
No... bread is not charged with GST.. see.. donut should be the same.. because.. they are bread in a different shape! hahahahahhaha.. provided you don't put sugar coating on it.... or maybe if the sugar level is below a certain level! HAHA.. i 'think'
but u see, the donut is bread that has been fried ? surely that is a new level of cooking already ? and i thought bread was not charged with GST because it is a staple ?just wondering..
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