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VATupdate Newsletter Week 4 2024

 

Fairy tale

Once upon a time in the whimsical land of Taxovia, citizens grumbled about the VAT system in the kingdom. King Rutherford, renowned for his extravagant tastes and lackluster governance, levied exorbitant taxes on his subjects.

One day, Sir Thomas, a brave knight with a knack for wit, stood before the king’s throne. “Your Majesty,” he proclaimed, “taxes are akin to a subscription fee for our beloved kingdom. But alas, we cannot unsubscribe, no matter how questionable the service!”

The court erupted in laughter, even the royal treasurer stifled a chuckle behind his ledger. King Rutherford, unaccustomed to jests aimed at his fiscal policies, furrowed his brow. “What impudence is this?” he thundered.

Sir Thomas, undeterred, continued, “Your Majesty, if taxes were truly a subscription, we’d be demanding a refund for the dragon infestation in the east, the perpetual moat repairs, and the so-called ‘royal banquets’ that left half the court with food poisoning!”

The courtiers exchanged nervous glances, but the peasants cheered for Sir Thomas’s audacity.

The king, recognizing the truth in Sir Thomas’s jest, begrudgingly nodded. “Very well, from now on, we shall strive for better service or face a revolt of cancelled subscriptions!”

And so, Taxovia ushered in a new era of accountability, where citizens enjoyed improved infrastructure, reduced tax burdens, and the occasional jest at the king’s expense. And though taxes remained mandatory, the kingdom flourished under the watchful eye of Sir Thomas, the knight who dared to liken taxes to a subscription fee.

Unfortunately, fairy tales are just that: fairy tales. The only thing we can strive for, is persuading policy and law makers to implement less administrative burdens for companies.

If you have any comments, questions, or ideas that you want to share with us, please send us an email at [email protected] or leave a comment under the posts of this newsletter on LinkedIn.


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