From my days of writing tax-related stories for the Personal Money magazine, which gave me the opportunity to learn some basic hardcore facts about taxation and owings to the Inland Revenue Board in Malaysia, I learned that there is no evading tax.
One senior tax consultant told me that when it comes to tax, there is no such thing as running away from paying it - forever. You may and at times can evade paying tax for sometime but eventually, they will catch up with you and make you pay what you owe.
The consultant went on to say that with most tax authorities worldwide, its a case of 'we will hunt you and make you pay even if you already six feet under'.
The consultant didn't mean it literally but in reality, if you have illegally evaded paying tax all your life, just remember that death is by no means the end of the road - the taxman will hunt you down and whatever is payable to them will be deducted from your estate left behind for loved ones.
In line with trying to demonstrate just how serious tax authorities are when it comes to recovering what is owed to them, I found this article http://news.yahoo.com/s/afp/20061206/hl_afp/denmarkhealthtax_061206191038 while browsing the web today.
Living in this part of the world where the word sperm hardly is mentioned in most conversations deemed to be decent, it took me by surprise when I learnt that tax authorities have now requested Danish sperm donors to declare their income from sperm donation.
It is said that in most Scandinavian countries, sperm donors are assured of anonymity but if they are now required to declare their income from sperm donations, how will privacy and confidentialy prevail, at the end of the day?
Tough question to answer? Yes, most certainly it is!
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