Go back to school with your Mac, iPhone and TUAW
Posts with tag tax

Controversial 'Luxury Taxes' Passed in Sardinia

In what seems to be a strange turn of events in today's tourism-driven world, the island of Sardinia is making an attempt to preserve it's natural beauty (and make a little money) by limiting tourism. The President of Sardinia, Renato Soru, has been fighting for a long time to put "luxury taxes" into effect, and he's finally won. Aimed mostly at the super rich (after all, Sardinia has been nicknamed "the playground of the rich"), the steep set of taxes will affect mostly items like second homes, private yachts, aircraft, and hotel rooms. Opposition of the new taxes are afraid it will drive too much tourism and development out of Sardinia, not to mention possibly give the country a negative image.

As much as I hate taxes, I always have to support efforts to preserve natural beauty and prevent too much tourism -- even if they do make money doing it.

Emmy Swag and a Tax Reminder to Celebs

With the Emmy Awards approaching in just a few weeks, the Academy of Television Arts and Sciences (ATAS) took the time to remind celebrities that their swag bags are considered taxable income and need to be reported as such when tax season rolls around. This is no small thing, either. The value of this year's Emmy gifts is estimated to be between $27,000 and $33,000. The ATAS even sent out letters to the presenters asking for compliance with the various tax codes with a waiver to sign, proving that they read it.

One of the reasons that the ATAS is being rather strict is that the IRS reportedly stands to collect over $1million from Oscar bags alone, which were worth over $100,000 each last year, and the ATAS doesn't want to be held responsible for any tax problems stemming from the Emmy Awards.

For a full list of the goodies that the Emmy presenters will be getting, click past the jump.

Continue reading Emmy Swag and a Tax Reminder to Celebs

Categories
Apparel (678)
Art (241)
Auctions (506)
Big Givers (38)
Books (33)
Celebrity Shopping (681)
Charity (247)
Charity of the Day (157)
Children (33)
Cigars (204)
Cosmetics and Fragrance (178)
Decor (1856)
Dining (739)
Estates (2269)
Events (242)
Gadgets (993)
Garden (39)
Green (156)
Handbags (1222)
Holiday Guides (37)
Jewelry (913)
Journeys (1548)
Lux Tips (10)
Men's Style (59)
Pets (141)
Preferred (13)
Real Estate Developments (126)
Services (284)
Shoes (200)
Spas (244)
Spirits (537)
Sports (119)
The Classicist (25)
Timepieces (728)
Water (653)
Wealth (24)
Wheels (1010)
Wine (921)
Wings (518)
Writing Instruments (153)

RESOURCES

RSS NEWSFEEDS

Powered by Blogsmith

Sponsored Links

Luxist bloggers (30 days)

#BloggerPostsCmts
1Deidre Woollard1885
2Jared Paul Stern720
3Tracy Chait450
4Rigel Celeste260
5Annie Scott231
6Laura Malesich191
7Lisa Palladino80
8Meg Massie11

Most Commented On (60 days)

Recent Comments

More from AOL Money & Finance

Other Weblogs Inc. Network blogs you might be interested in: