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This blog is for students, managers and those lay people who are interested to contribute to, comment on or simply share their workplace problems and are keen to learn about issues relating to public finance, corporate finance and macro-economic management affecting their lives.

Saturday, May 15, 2010

Ladies, wanna look young? Pay tax.

Bad news for those ladies who do not want to look old. There is a state tax on anti-aging cosmetics which has upset dermatologists all over USA. All cosmetics procedures and anti-aging gels will henceforth be dearer (in economic sense) in the USA. For details, please follow this link:http://www.skinandaging.com/article/4851
Still wondering why this idea has not struck Pakistan’s Federal Board of Revenue which is always on the look out for opportunities to generate more cash. May be “home governments” of revenue guys are stronger than the Government or IMF. Comment.
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4 comments:

  1. Mhe KamilMay 16, 2010 at 12:18 AM

    oh go i am DOOOMED..where do they get these ideas.of all the things in the world.they cut on this..wow.thnx for posting

    ReplyDelete
  2. NancyMay 16, 2010 at 5:44 PM

    The tax was not on cosmetics, but on cosmetic surgery or procedures performed by a plastic surgeon for cosmetic purposes. And it did not end up being part of the Health Care Bill, I believe, though a tanning tax did (something that I think would not earn much revenue if adopted by the Gov of Pakistan!)

    http://www.usatoday.com/news/washington/2009-12-21-health-care-plastic-surgery-tax_N.htm

    ReplyDelete
  3. Mhe KamilMay 17, 2010 at 4:03 PM

    thnx for saving my life nancy

    ReplyDelete
  4. AnonymousMay 17, 2010 at 9:05 PM

    I have no idea how it is going to affect ladies in Pakistan but I agree with Nancy that the tax is on cosmetic procedure like face-lifting etc. Tax on cosmetics can earn huge revenues.

    ReplyDelete

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