Tax hell

A tax hell is generally used to refer to a country or place with very high rates of taxation.[1][2]

In some definitions, tax hell also means an oppressive or otherwise onerous tax bureaucracy.[3][4][5]

In some cases, the effective tax pressure is difficult to measure for a comparison.[6]

Tax hell usually includes socialist and communist countries such as Belarus, Venezuela, Argentina, Nicaragua, Bolivia, Haiti and France.[7][8][9]

See also
Look up tax hell in Wiktionary, the free dictionary.

References
  1. Miller, Jay (2015-12-15). "Why Wisconsin remains a tax hell". Badger Institute. Retrieved 2019-01-11. Wisconsin is still a tax hell. Here's why. To begin with, even accepting the findings above — and I have great respect for the Wisconsin Taxpayers Alliance — ranking 15th out of 50 states in tax burden gives us no reason to brag. It still means that 35 states are more competitive than Wisconsin.
  2. Hansen, Nico A.; Kessler, Anke (2001). "The Political Geography of Tax H(e)avens and Tax Hells". American Economic Review. 91 (4): 1103–1115. CiteSeerX 10.1.1.540.558. doi:10.1257/aer.91.4.1103. Ceteris paribus, they prefer to reside in countries with large welfare programs financed by substantial taxation which we call tax hells for obvious reasons.
  3. Franklin, Mary Beth (2007-02-28). "The Beginning of the End of Tax Hell". Kiplinger's Personal Finance. Retrieved 2019-01-11. Six years ago, June and Ron Speltz got caught by the alternative minimum tax, which triggered a tax bill of more than $260,000 on income they'd never see. Their fight to change the law finally paid off.
  4. Blakely, Lindsay (2011-02-16). "Tax Hell: I Fought the IRS -- and Won". CBS News. Retrieved 2019-01-11. Even though the IRS validated that I had done everything correctly, the experience completely changed how I look at buying things I need for my business. I always ask myself: Will this be questioned? I have a heightened sense of the IRS being involved in my business.
  5. Fishman, Stephen (January 2018). Home Business Tax Deductions: Keep What You Earn. Berkeley, California: Nolo. p. 21. ISBN 978-1-4133-2415-0. Your home-based activity can be a business for tax purposes only if you can show that you are engaged in it to earn a profit, not simply to have fun or pursue a personal interest. If you can't prove a profit motive for the activity, you will be considered a hobbyist and forced to enter tax hell. The IRS has established two tests to determine whether someone has a profit motive. One is a simple mechanical test that looks whether you have earned a profit in three of the last five years. The other is a more complex test designed to determine whether you act like you want to earn a profit.
  6. Barciela, Fernando (2017-02-28). "A tax hell in sight? Europe cuts taxes while Spain opts for hikes". The Corner. Retrieved 2019-01-11. Another hellish idea, which serves to justify-legitimise these tax hikes, is that tax pressure in Spain is low compared with other countries in Europe. Something which is true, only apparently. Spain's fiscal pressure is 34.6% while in Germany it's 40%, 48% in France and 43.5% in Italy. But the problem is that while the fiscal pressure in northern European countries is more less evenly distributed, this is not the case here.
  7. "Haiti in the TOP 10 «tax hells» and last in the Caribbean". www.haitilibre.com. Retrieved 2022-11-06.
  8. "La France reste un enfer fiscal". Les Echos (in French). 2019-11-07. Retrieved 2022-11-06.
  9. Goudron, Claude (2022-06-05). "Les paradis fiscaux existent car la France est un enfer fiscal". Contrepoints (in French). Retrieved 2022-11-06.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.