No tax relief on stripping assets

No tax relief on stripping assets

More news on dubious tax dodges, this time with a titillating twist.

It appears that the Danish tax authorities have stripped an ‘exotic dancer’ of her right to deduct the cost of breast implants from her taxes.

Stripper Pia Damen and her ‘business assets’ made a splash in the local news last September when a tax authority appeals board allowed the deduction because the implants were, in its view, a legitimate business expense.

Having spent nearly two grand on the enhancements, the 29-year-old stripper from Vejle took a very pragmatic view of her assets. ‘To me they are work tools,’ she said.

Under Danish corporate tax law, investments to improve or maintain facilities for running a business are tax deductible.

Unfortunately for our Danish entertainer the national tax people objected, arguing that the implants could not be seen as business improvement and threw out the claim.

Obviously the authorities were concerned there was the possibility of personal use.

And no mention was made of a clothing allowance – presumably the increase in assets would have led to a expansion in the wardrobe.

Damen was said to be appealing – the ruling, that is.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article