“There’s no such thing as a free lunch” runs the old adage. But is there? And/or, should or shouldn’t there be? Similar questions are addressed in a new paper from Benjamin E. Hermalin, (Thomas and Alison Schneider Distinguished Professor of Finance and Professor, Department of Economics at the Haas School of Business, University of California, […]
Tag: tax
Tax demands – the funny side (he makes ’em LAUGH, then PAY)
John Morreall (pronounced Mor-el), is not only professor of religion and department chair at the College of William and Mary, Williamsburg, Virginia, US, he also runs Humorworks, which, amongst other things, conducts corporate seminars on the subject of humor, with clients such as the Internal Revenue Service, The World Bank, and Ernst & Young. Thus […]
The Mysterious Case of the Loaded Leprechaun
“The [Loaded] Leprechaun has been owned and operated as a private company since its founding in 1948 by the O’Shaughnessy family of Boston, MA. One of the great traditions at the Leprechaun is the ‘Dollar Holler.’ Patrons personalize dollar bills by writing a message or drawing a picture with a permanent marker and then staple […]
Killer Whales – the tax implications of
As our informed readerbase will know, Killer whales (Orcinus orca ) are not fish. What then are the tax implications for ‘owners’ of killer whales – given that US tax law has specific regulations which differ considerably according to whether one owns a killer whale (a mammal), or a large fish, say a Great White […]
Official British ruling on Pringles
A British court has clarified the legal status of Pringles, which are sometimes regarded as being food items, and sometimes used in scientific investigations (one of which led to the awarding of an Ig Nobel Prize in 2008). Tax-News.com reports on May 26, 2009:: HM Revenue and Customs has won a legal battle with Proctor […]