#gadget tax

We just heard somebody wants to impose taxes on beauty products. Now, a Congressman is seeking to pass a bill imposing additional taxes for having too many gadgets as well as appliances. The tax identification number could be used for monitoring according to Sambar. It'll be used to keep track of the gadget purchases of a taxpayer. If the number of items bought did not exceed the limit, the customer could use the receipts to avail of a tax rebate. A five-percent tax is planned and the collection will be allocated for Electronic Waste Disposal and Management Program for old gadgets. Read more in our articles including "Lawmaker wants additional taxes on excess gadgets" and "Amazfit unveils Balance 3 and Balance Ultra".